Chicago, July 20 – Doosan Enerbility Co., Ltd. sold $300 million of 5˝% guaranteed senior green notes due 2026 (Aa2), according to an offering document.
The issue is guaranteed by Korea Development Bank.
The notes priced at 99.776.
Joint bookrunners and lead managers were BofA Securities, Korea Development Bank and Standard Chartered Bank.
Proceeds will be used for eligible green projects.
The issuer is a Korean international manufacturer of advanced power generation solutions and is a member company of the Doosan Group.
| Issuer: | Doosan Enerbility Co., Ltd.
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| Guarantor: | Korea Development Bank
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| Amount: | $300 million
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| Issue: | Guaranteed senior green notes
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| Maturity: | July 17, 2026
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| Bookrunners: | BofA Securities, Korea Development Bank and Standard Chartered Bank
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| Trustee: | Citicorp International Ltd. as fiscal agent
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| Counsel to issuer: | Cleary Gottlieb Steen & Hamilton LLP and Klehyun
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| Counsel to underwriters: | Paul Hastings LLP
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| Second-party opinion: | S&P Global Ratings
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| Coupon: | 5˝%
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| Price: | 99.776
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| Change of control: | At par
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| Trade date: | July 10
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| Settlement date: | July 17
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| Rating: | Moody’s: Aa2
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| Distribution: | Regulation S
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| ISIN: | XS2644967304
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