Korea bonds blast through Pyongyang’s missile scares

Debt bankers were grumbling when a string of South Korean issuers hit the road in the first week of April to meet global investors, claiming it was too early to be roadshowing because Pyongyang’s missile sabre-rattling was still stirring up credit markets. But a deal this week from Daegu Bank proved the doubters wrong, with a bond debut that broke the country’s one-month issuance lull.