KorAm's new RFP

Proposals were due yesterday (Thursday) for a $125 million lower tier 2 deal.

The Korean banking is joining a long queue of prospective borrowers from the Republic with plans for its second subordinated debt offering in the space of a year. The bank is hoping to raise up to $125 million from the deal, but while the small size and many available benchmarks should make the process relatively straightforward, market conditions for Korean debt remain far from strong.

In September 2002, for example, KorAm raised $200 million from a lower...

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