KDB gamble pays off as US buyers grab $750m issue

08 Nov 2002

A calculated gamble by Korea Development Bank (KDB) paid off spectacularly on Tuesday as its $750m two tranche benchmark deal blew out in the global market.

Viewed from almost any perspective, the success of the deal is staggering. The issue attracted huge investor demand, with an order book of $1.1bn for the five year tranche and $1.5bn for the 10 year. Remarkably, Asian investors were not the key investor component and ...

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