KEB Hana debut outing achieves stellar response

By Bill Thornhill
19 Jan 2021

Korea’s KEB Hana Bank attracted a €2bn order book for its €500m debut covered bond on Tuesday, boosting hopes for an improvement in the secondary market performance of similar deals from South Korea that offer outsized spread pickups.

After completing a roadshow, on Tuesday KEB Hana issued the first covered bond from its new covered bond programme through joint leads BNP Paribas, Citi, Crédit Agricole, JP Morgan and Société Générale.

Initial guidance was set at 33bp over mid-swaps for a benchmark ...

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