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Korea Development Bank Said to Complete $40 Million Loan

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.

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