Doosan Power thrives on Kexim guarantee

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By Addison Gong
19 Oct 2018

The pricing achieved by Doosan Power Systems on its $300m capital bond is being viewed by some as “against all fundamental logic”, given the strong market technicals for high quality and shorter-dated South Korean paper.

This week saw a pick-up in primary supply from Korean issuers. Korea Expressway Corp (KEC) sold a popular $300m 2021 deal with a 13 times covered book on Monday, followed by Kookmin Bank’s $300m three year sustainability bond on Tuesday.

Both deals continued to be sought ...

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