KDB-debt sale

KDB raises US$3 bln via global debt sale

SEOUL, Jan, 22 (Yonhap) -- The state-run Korea Development Bank (KDB) said Thursday it has raised US$3 billion by selling debts to global investors.

KDB sold three-year debt worth $1.25 billion at a fixed rate of 3.75 percent, and debt of $1.25 billion with a five-year maturity at a fixed rate of 4 percent and bonds worth $0.5 billion at a floating rate of 50 basis points above the secured overnight financing rate.

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