Korea bows to market for $3bn 10 yr global pricing

March 13, 1998 12:00 am

THE REPUBLIC of Korea has bitten the bullet and accepted the need to set a market driven benchmark for its forthcoming $3bn global. Early indications are that the government will launch a single 10 year bond in April with a coupon of around 10% to yield more than 400bp over Treasuries.

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