KoGas 12 year blasts through issuer's existing curve

By Isabella Zhong
24 Jun 2014

Korea Gas Corp (KoGas) priced its third dollar deal of the year on Monday, with the issuer attracting a wave of interest despite choosing an unconventional 12 year tenor. The new bond priced well inside the borrower's curve.

There has been a very strong bid for Korean credits in recent weeks. After the Republic of Korea’s blockbuster dollar-euro dual tranche deal on June 3, Korea Exchange Bank and GS Caltex both priced issues inside their existing curves as buyers flocked to the trades.

The ...

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