ID :
41205
Sat, 01/17/2009 - 17:35
Auther :
Shortlink :
https://www.oananews.org//node/41205
The shortlink copeid
State-run KDB issues US$2 bln in overseas bonds
SEOUL, Jan. 17 (Yonhap) -- The state-run Korea Development Bank (KDB) said Saturday that it has issued US$2 billion worth of overseas bonds, securing additional liquidity for a protracted global credit crunch.
The five-year debt sale carries an interest rate of 6.15 percent over the London
Interbank Offered Rate (LIBOR), according to the KDB.
The bank said the bond issuance will help it secure additional liquidity by
taking a "preemptive" action in preparation for worsening global credit
conditions.
The five-year debt sale carries an interest rate of 6.15 percent over the London
Interbank Offered Rate (LIBOR), according to the KDB.
The bank said the bond issuance will help it secure additional liquidity by
taking a "preemptive" action in preparation for worsening global credit
conditions.
