KEB Hana adopts flexible price strategy on dual-trancher

seoul korea px230 dollar
By Addison Gong
12 Oct 2016

KEB Hana Bank executed a $650m dual-tranche offering on Tuesday, ahead of an expected burst of supply from financial names. While the issuer priced the longer five year portion flat to its outstanding curve, it decided to be slightly generous with the three year to bag a larger amount.

The South Korean lender last explored the debt market in January, its first G3 outing since the merger of KEB and Hana Bank in September 2015. However, it battled choppy markets at the time as volatility peaked during bookbuilding, forcing the lender to scale back the size of ...

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