Resumption of Listing After 19 Years Since 2005
On the 30th, the Korea Development Bank (KDB) announced that it attended the Market Opening event at the London Stock Exchange (LSE) on the 26th, upon invitation, in connection with its regular overseas investor briefing session held in the first half of the year.
This event was held in relation to the listing of a global bond issued in the SSA format, which refers to central banks, international organizations, and policy financial institutions, for the first time in Korea in February. KDB resumed its listing on the London Stock Exchange for the first time in 19 years since 2005.
Marking the 50th anniversary of issuing foreign currency industrial finance bonds, KDB provided an opportunity at the event to explain the results of the SSA global bond issuance and its future plans.
KDB stated, “The SSA issuance strategy, first introduced by a Korean institution, is not merely a change in the issuance method but a pioneering effort to open a new funding market for Korean institutions. We plan to continuously narrow the funding spread gap with leading overseas SSA issuers.” It also pledged to continue fulfilling its role as a representative issuer by establishing benchmarks and creating a favorable environment for Korean bond issuance as a leading Korean foreign currency bond issuing institution.
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