J.P. MORGAN: J.P. Morgan leads Korea Development Ba Bank's U.S. $500 million issue.

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M2 PRESSWIRE-20 October 1999-J.P. MORGAN: J.P. Morgan leads Korea Development Bank's U.S. $500 million issue (C)1994-99 M2 COMMUNICATIONS LTD RDATE:131099 Hong Kong -- J.P. Morgan recently led a Korea Development Bank (KDB) U.S. $500 million 3-year bond issue. The U.S. $500 million three-year offering for the Korea Development Bank, was priced with a coupon of 7.625 percent and are due October 2002.

The offering was Baa3/BBB-rated and J.P. Morgan successfully sole lead managed the issue. The bonds were distributed in the U.S., Asia and Europe, demonstrating global investor appetite for Korean quasi-sovereign paper in midst of domestic volatility. CONTACT: Shuri Fukunaga Tel: 81 3 5573 1224 *M2 COMMUNICATIONS DISCLAIMS ALL LIABILITY FOR...