KDB prices tightest and largest Korean Kangaroo

By Frank Jackman
22 Aug 2019

Korea Development Bank moved to place the largest Korean Kangaroo earlier this week, a note that was also priced more tightly than any other Korean-issued Aussie dollar deal.

The transaction was launched on Monday, with the leads taking indications of interest on three and five year floating rate and a five year fixed rate tranches. Initial pricing guidance on the five year tranche was 80bp-82bp area, and on the three year, which was later dropped in ...

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