IBK Samurai mandate up for grabs after dollar success
Industrial Bank of Korea is considering returning to the Samurai bond market after nearly two years of absence, said a funding official. But the Korean lender is in no hurry: it is now fully funded for the year, after raising $500m from a five year bond this week.
We are fully funded for 2012, a funding official told EuroWeek Asia. But we are trying to raise more money to prepare for 2013. We see 2013 as another uncertain year, so we just want to do some pre-funding.
The bank is planning to issue ¥30bn-¥50bn of Samurai bonds
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