KDB gains ground on rivals with dual-tranche dollar deal
Korea Development Bank pulled the country’s policy bank curve tighter with a dual-tranche dollar issue on Tuesday, becoming the latest Korean lender to close the gap with its global peers. The tight pricing of the deal drew complaints from KDB’s traditional investor base — but a hunger for short-dated dollar bonds and KDB’s new double-A image ensured support from a host of new accounts, said bankers.
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