Successfull issuance of USD Benchmark

Economy
25th April 2018, KBN successfully issues a new USD 1 billion 2,875% 3-year benchmark.

The issue has a final maturity of 14th June 2021, pays a semi‐annual coupon of 2.875% and has an issue price of 99.957%, to give a spread of +25.1 basis points over the 2.375% US Treasury due April 2021, equivalent to mid‐swaps plus 4 basis point. BNP Paribas, HSBC, JP Morgan and Scotiabank were mandated as Joint‐Lead Managers. 

This issuance represents KBN’s third USD benchmark of the year following two successful outings in 5 & 2‐years in 2018. 

Read the full press release here

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