All eyes on Korea as credit spreads gap out
The Republic of Korea is still planning to sell up to $1bn of sovereign bonds later this week, bankers close to the deal insisted, refuting reports that the deal would be capped at $850m. Korea’s first global bond for almost two years will serve as a benchmark for the many Asian borrowers hoping to follow it to market, but with credit spreads again yawning wider amid further fears over the health of Lehman Brothers, questions remain as to the price Korea will need to pay for its debt. Read EuroWeek on Friday to find out more.
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