South Korea's top lender KB Kookmin Bank said Friday that it has successfully issued $400 million worth of bonds in Taiwan, becoming the first local bank to do so.
The Formosa bonds will mature in five years and carry a floating rate with the spread set at 0.95 percentage point plus the three-month London Interbank Offered Rate, a benchmark interest rate in the global financial market, the bank said.
 |
(Yonhap) |
