A good order book for South Korea’s Nonghyup Bank on October 24 put paid to any fears that a recent string of issuance from the country’s lenders would hurt investor demand.
The plan was to pay up to attract investors to the deal, after recent deals had offered high premiums, according to a debt syndicate banker on the trade. The leads duly announced initial price guidance at the 170bp area for a five year bond capped at $300m, when
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