Investors rush to Korea Expressway

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By Morgan Davis
16 Oct 2018

Investors could not get enough of Korea Expressway Corp’s (KEC) dollar bonds on Monday, as it closed its deal more than 12 times oversubscribed.

Korean dollar bonds have been few and far between recently, with only the sovereign selling a rare $1bn dual tranche deal in the last two months.

“There hasn’t been Korean issuance in a while,” said a syndicate banker on the deal, explaining why investors might have been attracted to ...

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