Benchmark-setting no longer top priority in KDB funding strategy

08 Apr 2010

Korea Development Bank, one of Asia’s most frequent international issuers, is moving away from its role as a benchmark-setter for Korean borrowers, global funding head Seung Hyun Cho told EuroWeek, hinting that future debt sales will focus firmly on price.

KDB has long been considered one of the two key benchmark-setters for Korean issuers — alongside Export-Import Bank of Korea (Kexim) — and has already raised $750m in the international bond market this year, after selling a 2015 bond in February. But as the policy bank prepares for ...

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