KoFC makes big plans after small dim sum debut

07 Oct 2012

Korea Finance Corp is selling a public dim sum bond before the end of this year, after making its offshore renminbi debut with a Rmb130m ($20.55m) private placement last week.

BNP Paribas managed the private placement, and found reverse enquiry demand to price the two year bond at par to yield 3.10%, said a funding official at KoFC. That worked out to be flat to the policy bank’s dollar bond curve after the proceeds were swapped, showing one ...

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