Korea Gas brings Korean corporates back to euro bonds

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.

  • By Jon Hay
  • 08 Oct 2013

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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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,065.52 3 14.97%
2 Citi 3,902.17 4 14.37%
3 HSBC 3,735.13 3 13.76%
4 BNP Paribas 3,073.09 4 11.32%
5 Barclays 2,241.64 2 8.26%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,515.04 10 16.93%
2 Citi 4,570.65 7 14.03%
3 Barclays 4,294.63 4 13.19%
4 HSBC 3,991.33 4 12.25%
5 BNP Paribas 3,164.15 4 9.71%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7,944.50 9 12.59%
2 UniCredit 6,881.29 9 10.90%
3 HSBC 5,554.84 5 8.80%
4 BNP Paribas 4,996.87 7 7.92%
5 Bank of America Merrill Lynch 4,801.82 6 7.61%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,694.12 32 11.71%
2 Citi 11,855.99 25 9.45%
3 HSBC 11,229.95 19 8.95%
4 Barclays 10,953.98 19 8.73%
5 BNP Paribas 8,319.48 16 6.63%