Korea Gas brings Korean corporates back to euro bonds

Korea Gas LNG terminal
By Jon Hay
08 Oct 2013

Korea Gas Corp today sold the first benchmark bond in euros from a South Korean company since 2006. The €500m issue is part of a wave of deals from Asian borrowers taking advantage of attractive funding conditions in euros.

Korea’s leading state-owned banks and companies are regular issuers in dollars and in the Swiss franc market, as well as the Korean domestic market, but have shunned euros for a long time.

“Why are they coming to euros now?” said a banker at one of KoGas’s leads, Barclays, ...

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