On the 19th, the Korea Development Bank announced that it had issued public bonds worth USD 1 billion in the Eurodollar bond market on the 18th. These bonds were issued as a single-tranche fixed-rate with a 3-year maturity.
In February, the Korea Development Bank introduced the SSA (Sovereign, Supranational, and Agency) issuance strategy for the first time domestically during its global bond issuance, and it strengthened its status as an SSA issuer by continuously pursuing issuance in the Eurodollar bond market this time as well.
In particular, despite financial market instability due to the June U.S. Federal Open Market Committee (FOMC) meeting and the early general election issue in France, the bank employed an accurate pricing strategy through fair value and presented consistent interest rates, reducing the spread compared to the issuance in February.
The Korea Development Bank stated, "Going forward, the bank plans to enhance the perception of Korean bonds as safe assets and lead the overseas bond issuance market for Korean institutions by establishing benchmarks."
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