KDB raises $3 bil. via global debt sale

Korea Development Bank headquarters / Courtesy of Korea Development Bank

The state-run Korea Development Bank (KDB) said Thursday it has raised $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.