Hana Bank taps ringgit bond market with guaranteed debut
Hana Bank made its debut in the Malaysian ringgit market late last week, becoming the first borrower to sell bonds in any Asian currency under the Korean government’s guarantee programme.
RHB Investment Bank arranged a M$1bn ($282m) deal for the borrower on Friday. It was split between a M$710m 2.5 year note with a 4.8% coupon, and a M$290m three year bond paying 4.85%.
It is the first time a Korean bank has used the government guarantee on
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