Korea Resources raises $300m in Reg-S bond, more Korean deals coming soon
Korea Resources Corp raised $300m in the international bond market late on Thursday night, selling the only investment grade deal of the week from an Asian issuer. HSBC, Korea Development Bank, Morgan Stanley and Standard Chartered arranged the 2015 bond, which was priced at 197.5bp over Treasuries — well inside the 210bp spread bankers were sounding earlier in the day.
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