Korea Development Bank Said to Complete $40 Million Loan

Dec. 7 (Bloomberg) -- Korea Development Bank completed a $40 million loan after attracting three lenders, said a person familiar with the matter.

Australia & New Zealand Banking Group Ltd., which helped arrange the loan, committed $20 million, said the person, who asked not to be identified because the details are private. The Norinchukin Bank and NTT Finance Corp., committed $10 million each, the person said.

The two-year loan pays an all-in, which includes margin and fees, of about 150 basis points over the London interbank offered rate, said the person. The loan was borrowed by KDB’s Singapore unit.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net