Hyundai Electronics to brave international debt markets
US dollar investors are to be presented with a rare opportunity to participate in a high yield debt offering from corporate Korea.
International debt issuance from Korea has historically been dominated by public sector issuers in the long term fixed rate market and banks in the short term Asian FRN market. Corporate borrowers have been a rarity in either and have, for the most part, been content to let the Republic's banking community satisfy their foreign currency borrowing for them. Thus, while engineering and electronics companies account for 24% of market capitalisation on the Korean Stock Exchange,...
To continue reading, please login or register for free