이 기사는 2019년 10월 18일 08:00 thebell 에 표출된 기사입니다.

South Korea's state-run Industrial Bank of Korea (IBK) successfully issued 600 million dollar worth global bonds (144A/RegS).

IBK announced and started marketing a global bond issue in Asian markets on October 16. The issue was structured as a three-year floating rate notes (FRN) and five-year fixed rate notes (FXD). The initial price guidance (IPG) was Libor rate plus 65 basis points area for three-year FRN and 85 basis points plus five-year US Treasury yield for five-year FXD.

After marketing process, three-year FRN received 1.65 billion dollar in orders from 80 institutions while five-year FXD received 1.55 billion dollar in orders from 72 institutions. Thanks to strong demand from investors, the Korean lender tightened the spread to Libor rate plus 45 basis points and five-year US Treasury yield plus 60 basis points, respectively. IBK issued 300 million bonds each.

The lender received orders from Asia, Europe, and the U.S. Geographically, Asia accounted for 53 percent of three-year FRN orders, Europe and Middle East accounted for seven percent, and the U.S. accounted for 40 percent. For five-year FXD, Asia made up 23 percent, Europe and Middle East 41 percent, and the U.S. 36 percent, respectively

IBK has a rating of Aa2 (stable) by credit ratings agency Moody's, AA- by Fitch and AA- (stable) by S&P.

Citi Global Market Securities, Credit Agricole, HSBC, Mizuho Securities and Standard Chartered acted as joint bookrunners.

(By reporter Pi Hye-rim)