IBK plots ringgit return

05 Jul 2010

Industrial Bank of Korea (IBK) wants to return to the Malaysian ringgit market later this year after it closed a M$300m ($93.5m) deal last week, said a funding official.

The policy bank sold bonds in Malaysia after more than a year’s absence on Wednesday. It now hopes to return to the market before the end of the year, part of a wider ambition to raise money in Asia’s local currency markets.

IBK has not yet decided which banks ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial