By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., Oct. 19 – Industrial Bank of Korea priced $600 million of 5 1/8% social notes due Oct. 25, 2024, according to a market source.
The notes priced Tuesday at a spread of 70 basis points over Treasuries.
Price talk had been in the Treasuries plus 85 bps area.
Australia and New Zealand Banking Group Ltd., Citigroup, Credit Agricole CIB, JPMorgan and Societe Generale are the bookrunners.
The industrial bank is based in Seoul, South Korea.
| Issuer: | Industrial Bank of Korea
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| Amount: | $600 million
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| Issue: | Social notes
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| Maturity: | Oct. 25, 2024
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| Bookrunners: | Australia and New Zealand Banking Group Ltd., Citigroup, Credit Agricole CIB, JPMorgan and Societe Generale
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| Coupon: | 5 1/8%
|
| Spread: | Treasuries plus 70 bps
|
| Pricing date: | Oct. 18
|
| Price talk: | Treasuries plus 85 bps area
|
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