Investors flock to KDB’s floating-fixed combo

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By Morgan Davis
06 Mar 2018

Korea Development Bank found a very different response to its bond outing this week versus its last transaction in September, with investors eating up its $1bn fixed and floating rate combination deal.

The policy bank’s Monday trade stood in stark contrast to its last foray in the dollar market. When KDB sold its $1bn bond in September, it was still battling North Korean headlines and wary investors. But just a few months later, the tensions on the Korean peninsula ...

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