Korea Finance Corporation launches $750 million benchmark bond

Korea Finance Corporation finds a strong US bid for its first 10-year dollar bond issue.

Korea Finance Corporation launches $750 million benchmark bond

Despite nervous and confused markets, Korea’s newest policy bank launched a successful and uncomplicated bond issue this week on the back of a strong bid by US investors. Korea Finance Corporation KoFC raised $750 million with a 10-year deal, satisfying demand for yield and duration, yet achieving cost-savings by taking advantage of an inverted curve.

The issue was priced at mid-day on Tuesday in New York at a spread of 265bp over the 10-year...

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