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Korea Development Bank Returns To LuxSE With $3bn Bond

Author: Hassan M. Nada

Korea Development Bank (KDB) made its return to the Luxembourg Stock Exchange with the listing of a new benchmark $3bn bond issuance, facilitated through FastLane. 

Korea Development Bank, a state-owned policy entity, stepped back onto the LuxSE platform for the first time since 2004, revealing its latest bond offering. This listing not only displays the synergy efforts between South Korea and Europe but also signifies a renewed commitment to fostering international financial cooperation.

“We are thrilled to welcome KDB back to LuxSE, the global leading venue for international bonds, and we are confident this sets the path for other Korean issuers to follow.”Arnaud Delestienne, Director of International Capital Markets and Member of the Executive Committee at LuxSE

Two segments with five-year maturity

The $3bn dual-tranche bond offering comprises two segments, a $1.75bn tranche with a three-year maturity, and a $1.25bn tranche with a five-year maturity. This substantial offering reflects KDB’s confidence in the market and its strategic vision for capitalizing on global investment opportunities.

With its return to the LuxSE, KDB joined the ranks of sovereign, sub-sovereign, and agency (SSA) issuers. The bond listing via FastLane, LuxSE’s expedited listing process tailored for non-European SSA issuers, underscores LuxSE’s position as the world’s leading listing venue for international debt instruments with 112 issuers. 

“KDB is delighted to announce the listing of our latest Global Bond on the Luxembourg Stock Exchange. Selecting the Luxembourg Stock Exchange as our partner for our SSA-style bond issuance strategy aims to accommodate our growing global SSA investor base,” commented Dong Bin JOO, CFO and Executive Director of the Financial Management Division of KDB.

Information on the Issuer Card is found here.

Special thanks to our content partner Silicon Luxembourg for the update


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