Kookmin taps international bond markets again

Korea's biggest lender raises $300 million in a quick-fire deal.

Kookmin Bank, Korea's biggest lender, returned to tap the international bond markets on Tuesday following its successful and ground-breaking $1 billion covered bond issue at the beginning of last month.

The bank sold $300 million of three-year, Reg-S bonds at 390bp over mid-swap yields in a rapidly executed deal. The transaction was announced at midday on Tuesday and priced about 10 hours later. 

While the size of the deal was relatively small, this was the first Asian...

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