Fitch Rates IBK's Senior Unsecured USD Notes 'AA-(EXP)'

April 16, 2015 5:41 AM

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(The following statement was released by the rating agency) SEOUL/HONG KONG, April 16 (Fitch) Fitch Ratings has today assigned Industrial Bank of Korea's (IBK; AA-/Stable) proposed US dollar-denominated senior unsecured notes an expected rating of 'AA-(EXP)'.

Fitch expects the issue size to be USD500m and the tenor of the notes to be five years. These are subject to change depending on market conditions. The notes will be issued under the bank's existing USD8bn global medium-term note programme, which was last updated on 15 April 2015 at the Singapore Ex...

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