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Kookmin Bank sells 24.4 bln yen in Samurai bonds

Wed Apr 16, 2008 9:14pm EDT

TOKYO, April 17 (Reuters) - South Korea's Kookmin Bank 060000.KS sold 24.4 billion yen ($240 million) of Samurai bonds on Thursday, lead manager Mizuho Securities said.

Kookmin postponed a Samurai bond deal earlier this year due to volatile market conditions.

Kookmin sold 5.1 billion yen of two-year fixed-rate bonds with a 2.60 percent coupon and 19.3 billion yen of two-year floating-rate bonds with a coupon set at 160 basis points over six-month yen LIBOR.

Lead managers were Mizuho Securities, BNP Paribas Securities and JPMorgan Securities.

The bonds were priced at par.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities. (Reporting by Takefumi Ito and Naoyuki Katayama; Writing by Rika Otsuka)



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