S.Korea KDB to sell $1.5 bln CBOs to boost lending

Newswire

SEOUL, March 27 (Reuters) - The Korea Development Bank (KDB) said on Friday it would raise 2 trillion won ($1.5 billion) in domestic bond sales and lend the proceeds to Hyundai Motor , two business groups, and some small firms. The state-owned bank will initially sell 1 trillion won worth of two-year collateralised bond obligations (CBO) in early April, based on its holding of bonds issued by units of Hyundai Motor and the SK and Doosan business groups. "Large business groups have found ...

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