KoFC raises A$250m from Kangaroo bond debut

08 Feb 2012

Korea Finance Corp (KoFC) has raised A$250m ($270m) from its first ever sale of bonds in Australia, part of a plan to drum up $2bn from overseas creditors this year.

KoFC is the second issuer from South Korea to tap the Kangaroo bond market this year after Industrial Bank of Korea (IBK).

ANZ, Bank of America Merrill Lynch and HSBC came out with initial price guidance of 310bp over the three month BBSW, but firm demand from investors enabled ...

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