Korea Development Bank (KDB) (Aa3/AA-) priced a new 5.5-year dual-tranche Australian dollar transaction on May 16. According to KangaNews data, the borrower's last visit to the Kangaroo market was in November 2012, when it issued a A$300 million (US$280.9 million) three-year deal with pricing of 115 basis points over bank bill swap rate.
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