Koreans defy QE fears to test pricing prospects as investors seek premiums
The absence of dollar bonds from screens in Asia ex-Japan this week did not stop Korean issuers from mandating banks and arranging investor meetings. Their goal is to be ready to launch deals the minute that there is a window of opportunity, writes Frances Yoon.
Kookmin Bank is one of those. It wants to sell its second dollar bond of the year, even though its $300m three year bonds are trading 40bp wider than when they priced in January 9. The bonds were issued at 105bp over US Treasuries.
“Kookmin wants to print
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