BOND COMMENTS: Hana Bank $1bn 6.5% 2012

05 Apr 2009

Investors, arrangers and observers give their verdict on Hana Bank's spectacular government-guaranteed dollar bond. Read on for pricing details and bookrunners' comments.

Hana Bank

Guarantor: Republic of Korea
Rating: A2/A-/A+
Amount: $1bn
Maturity: 9 April 2012
Issue/re-offer price: 99.555%
Coupon: 6.50%
Spread at re-offer: 490bp over mid-swaps, 524.6 over UST
Launched: 2 April
Payment date: 9 April
Joint books: Barclays Capital, Citi, Credit Suisse, Goldman Sachs, HSBC, ING

Bookrunners’ comment:

It’s a great achievement. We had so much momentum at the ...

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