Doosan Power thrives on Kexim guarantee

Addison Gong

October 19, 2018 09:30 am

korea woman px230 — A woman wearing a traditional costume "Hanbok" walks by South Korean national flags hanging on a tree to celebrate the March First Independence Movement Day, the anniversary of the 1919 uprising against Japanese colonial rule, in Seoul, South Korea, Tuesday, March 1, 2016. (AP Photo/Ahn Young-joon) | Ahn Young-joon/AP/Press Association Images

The pricing achieved by Doosan Power Systems on its $300m capital bond is being viewed by some as “against all fundamental logic”, given the strong market technicals for high quality and shorter-dated South Korean paper.

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Topics

Corporate Bonds South Korea Hybrid Asia Standard Chartered Northeast Asia Asia Pacific Emerging Markets HSBC Société Générale High grade and crossover bonds

AG

Addison Gong

SSA editor GlobalCapital