Korea Gas brings Korean corporates back to euro bonds

Korea Gas Corp sold the first benchmark bond in euros from a South Korean company since 2006 on October 8. The €500m ($674.7m) issue is part of a wave of deals from Asian borrowers taking advantage of attractive funding conditions in euros.

  • By Frances J. Yoon
  • 11 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.

“A lot of US and Australian issuers have come to euros, for the same reasons: right ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 4.39%
2 HSBC 16,094.53 24 3.83%
3 BNP Paribas 15,919.65 22 3.79%
4 Barclays 15,870.51 25 3.77%
5 Goldman Sachs 14,733.99 25 3.50%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.62%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,802.36 90 7.78%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,295.15 75 6.80%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.23%
2 HSBC 34,778.70 117 7.23%
3 Barclays 32,929.25 80 6.85%
4 Goldman Sachs 31,906.26 88 6.63%
5 BNP Paribas 31,635.81 68 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,819.56 331 7.31%
2 JPMorgan 94,013.25 550 7.17%
3 HSBC 82,226.81 301 6.27%
4 Barclays 67,375.60 218 5.14%
5 Bank of America Merrill Lynch 66,801.88 220 5.09%