KoRes mines demand for five-year Swissie
State-owned mining group Korea Resources Corporation (KoRes) took advantage of relatively stable market conditions on Thursday to notch a record low coupon on its inaugural Swiss franc bond.
The Sfr100m ($104.7m) five-year deal priced in the middle of the guidance range of 50bp area over mid-swaps with a coupon of 0.75%. That level has been achieved once before in Swiss francs by a Korean
issuer, but Korea District Heating