KEB gets strong bid, trades tight on Asian debut
Korea Exchange Bank raised $700m, marking its return to the international bond market after a two year absence, drawing $5.5bn of demand after offering investors a juicy premium to its sister institution, Hana Bank.
The bank priced its five year bond at 255bp over Treasuries on Monday, the tight end of price guidance. That was around 18bp wider than Hana’s outstanding $500m October 2017 notes, which were trading at a G spread of around 237bp when the deal was launched, said bankers in the
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