Korea Exchange Bank to Sell Dollar Debt After Moody's Boosts Credit Rating

(Bloomberg) -- Korea Exchange Bank, controlled by
U.S. buyout firm Lone Star Funds, plans to sell dollar-
denominated bonds after Moody's Investors Service lifted its debt
rating by three levels.

Seoul-based Korea Exchange hired Calyon, HSBC Holdings Plc,
Merrill Lynch & Co. and Morgan Stanley to arrange the sale of the
five-year floating-rate notes, according to an e-mail sent to
investors today by the underwriters. Korea Exchange will set
terms after marketing the securities to investors in Singapore on
July 11 and Hong Kong on July 12, the e-mail shows.


Read more at Bloomberg Bonds News

Lone Star in talks with several to sell KEB: paper

(Reuters) - Lone Star sold on Friday a 13.6 percent stake in KEB and two South Korean firms for a total of $2.3 billion.




The fund scrapped a $7.3 billion deal last year to sell KEB to Kookmin Bank amid a legal dispute with regulators over its $1.2 billion purchase of a majority of KEB in 2003.


Read more at Reuters.com Business News

Lone Star offers 11.3 pct of S.Korea's KEB: sources

(Reuters) - Lone Star saw its $7.3 billion agreement to sell KEB to the country's biggest lender, Kookmin Bank , aborted in November last year due to a legal dispute over its $1.2 billion purchase of KEB in 2003.




The Dallas-based fund is offering 73.09 million shares in KEB, or an 11.3 percent stake, at between 13,150 won and 13,750 won per share, said a source, who declined to be named.


Read more at Reuters.com Mergers News