Investors chase KoFC $500m despite holiday season lull

Korea Finance Corporation attracted strong demand for a $500m five year SEC-registered bond, demonstrating that demand for Asian credits exists despite the August lull.

  • By Lorraine Cushnie
  • 23 Aug 2013
The leads announced the deal on August 15 at 165bp over underlying Treasuries, which was about 22bp over the average spread of Korean credits trading in the secondary market, according to a treasury official. A strong investor response allowed bankers to revise price guidance to 145bp-150bp at the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 11,427.98 67 5.84%
2 UBS 9,302.41 70 4.76%
3 Goldman Sachs 9,298.39 45 4.75%
4 China Securities Co Ltd 9,276.15 41 4.74%
5 China International Capital Corp Ltd 9,131.08 44 4.67%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,421.28 190 8.21%
2 Citi 25,455.77 157 7.36%
3 JPMorgan 21,282.04 124 6.15%
4 Bank of America Merrill Lynch 18,072.67 94 5.22%
5 Standard Chartered Bank 14,573.61 109 4.21%

Asian polls & awards