Investors buy IBK bonds despite uncertainty about privatisation

IBK prices a $500 million bond issue after an extensive global roadshow with investors raising questions about the level of government support.

Investors buy IBK bonds despite uncertainty about privatisation
IBK's mandate is to help Korea’s SMEs

Korean policy bank Industrial Bank of Korea IBK early yesterday morning priced its $500 million 5.5-year bond, following an extensive round of global roadshows that kicked off in Asia on March 4 and ended in the US last week. BNP Paribas, Citi, Morgan Stanley and Royal Bank of Scotland were the bookrunners. IBK Securities was a co-manager.

IBK, whose mandate is to promote the economic activities of Korea’s small and medium-size enterprises, is one...

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