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

Wed Apr 16, 2008 9:37pm EDT
 
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 TOKYO, April 17 (Reuters) - South Korea's Kookmin Bank
(060000.KS: Quote, Profile, Research, Stock Buzz) 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)


 

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