KDB finds stability in Oz
Korea Development Bank hopped into the Australian dollar market on October 12, selling an A$400m ($284m) Kangaroo bond. Despite the volatility in the market earlier in the week, KDB had little trouble sealing the popular deal.
KDB began meeting investors in early October, reintroducing itself to the Kangaroo market after an absence of three years.
“They approached this in a very strategic way instead of as a one-off deal,” said Yuriy Popovych, director for Asia syndicate at TD Securities.But ...