State fund eases Korean bank capital fears with $2.9bn subordinated debt purchases

02 Apr 2009

Korean banks sold almost W4tr ($2.9bn) of subordinated debt to a government-backed fund on Monday and Tuesday, boosting their capital ratios and reducing the risk of more skipped call options on offshore bank debt.

The W20tr Bank Recapitalisation Fund has completed its first investments, buying newly issued subordinated ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data