Korea Development Bank Issues $3 Billion Global Bond

USD 900 Million with 3-Year Maturity
USD 2.1 Billion with 5-Year Maturity

On the 23rd, the Korea Development Bank announced on the 24th that it issued a global bond worth USD 3 billion (approximately KRW 4.3 trillion) targeting global investors.

Seoul Yeongdeungpo-gu Yeouido Korea Development Bank building. Provided by Korea Development Bank

The issuance consisted of USD 900 million (approximately KRW 1.3 trillion) with a 3-year maturity and USD 2.1 billion (approximately KRW 3 trillion) with a 5-year maturity.

The bank explained, "Despite ongoing domestic political uncertainties and market fluctuations following the inauguration of U.S. President Donald Trump, we issued a large amount following the USD 3 billion issuance in February last year through active communication with investors and a tranche diversification strategy."

The bank also stated that it secured numerous high-quality investors by implementing the SSA (Sovereigns, Supranationals, and Agencies) issuance strategy, which it introduced domestically for the first time last year.