Korea Gas brings Korean corporates back to euro bonds
Korea Gas Corp sold the first benchmark bond in euros from a South Korean company since 2006 on October 8. The €500m ($674.7m) issue is part of a wave of deals from Asian borrowers taking advantage of attractive funding conditions in euros.
Korea’s leading state-owned banks and companies are regular issuers in dollars and in the Swiss franc market, as well as the Korean domestic market, but have shunned euros for a long time.
“A lot of US and Australian issuers have come to euros, for the same reasons: right
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