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GC Asia
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
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