KDB squeezes curve with euro green debut

Korea Development Bank (KDB) tapped the green investor base in Europe for its latest euro bond, achieving a record low funding cost and an unprecedented 0% coupon for a South Korean issuer.

  • By Addison Gong
  • 03 Jul 2019

KDB priced a €500m five year green deal at 28bp over mid-swaps, or at a cash price of 99.905 to yield 0.019%, on Tuesday. The bond has a 0% coupon, making it a first for a euro-denominated Korean deal in the public market.

Although the Republic ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 4.57 23 12.79%
2 China Securities Co Ltd 3.53 7 9.87%
3 Morgan Stanley 3.39 11 9.47%
4 CITIC Securities 3.29 11 9.21%
5 Goldman Sachs 1.71 13 4.78%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 6.90 37 7.97%
2 HSBC 5.80 49 6.69%
3 UBS 4.41 27 5.09%
4 BofA Securities 4.13 14 4.76%
5 JPMorgan 4.04 26 4.67%

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