Daegu Bank finds fortune favours the bold

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By Morgan Davis
08 Feb 2018

South Korea’s Daegu Bank pulled off a bold $300m bond on Wednesday, choosing to price a deal with a generous new issue premium rather than delay the sale any further.

Daegu was the only investment grade issuer to venture into Asia’s dollar bond market in the first half of the week, and it didn’t take its move lightly. The volatility in the global markets, moving in tandem with the equities sell-off, initially kept the South Korean borrower away ...

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