Volatility strikes KEB Hana’s first G3 bond

correlation px230 x 150 for gc
By Narae Kim
21 Jan 2016

KEB Hana Bank battled choppy markets with its first international outing after its merger. As volatility heightened during bookbuilding, the lender opted to scale back the size of the deal in exchange for tighter pricing.

The A1/A/A- rated lender was in no hurry to come to the bond market. Although it has $1.7bn of debt from four dollar bonds maturing this year, it is sitting on $5bn of cash.

But it still wanted to issue an international bond as it mostly remained on ...

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