New Issue-Kookmin Bank sells 24.4 bln yen in Samurai bonds

Wed Apr 16, 2008 9:37pm EDT
 
[-] Text [+]
 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.
 Details are as follows:
 1. Two-year fixed-rate bond:
 Issue amount:      5.1 billion yen
 Coupon:            2.60 percent
 Issue price:       par
 Maturity date:     April 23, 2010
 Coupon payments:   April 23, Oct. 23
 Payment date:      April 23, 2008
 Lead managers:     Mizuho Securities
                    BNP Paribas Securities
                    JPMorgan Securities
 Fiscal agent:      Sumitomo Mitsui Banking Corp
 Ratings:           A   (S&P)
                    Aa3 (Moody's)
                    A+  (JCR)
 Spread:            LIBOR+160 basis points
 2. Two-year floating-rate bond:
 Issue amount:      19.3 billion yen
 Coupon:            1.6 pct points above six-month yen LIBOR
 Issue price:       par
 Maturity date:     April 23, 2010
 Coupon payments:   April 23, Oct. 23
 Payment date:      April 23, 2008
 Lead managers:     Mizuho Securities
                    BNP Paribas Securities
                    JPMorgan Securities
 Fiscal agent:      Sumitomo Mitsui Banking Corp
 Ratings:           A   (S&P)
                    Aa3 (Moody's)
                    A+  (JCR)
 Samurai bonds are yen bonds issued in Japan by non-Japanese
entities.
 ($1=101.76 yen)
 (Reporting by Takefumi Ito and Naoyuki Katayama; Writing by Rika
Otsuka)


 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better