Korea Development Bank Issues $3 Billion Global Bonds

Successful Large-Scale Funding Achieved Through Consistent SSA Issuance Strategy

On January 22, Korea Development Bank announced that it had issued global bonds worth 3 billion dollars (approximately 4.4088 trillion won) to investors worldwide.

The bank explained that, despite growing uncertainty in the international financial markets, it was able to issue a five-year tranche at the lowest spread in its history, reaffirming its strong external creditworthiness.

By maintaining a consistent SSA issuance strategy-clearly setting target interest rates and extending the book-building period-Korea Development Bank attracted high-quality SSA investors, including overseas central banks such as the World Bank, Canada, and Macau. In particular, the five-year floating rate notes were issued in a timely manner, capturing strong demand from Asian investors.

Korea Development Bank stated that it will continue to enhance the perception of Korean bonds as safe assets as a leading policy financial institution, establish benchmarks to create favorable issuance conditions for Korean entities, and pursue stable foreign currency funding through diverse issuance strategies.