Korea invades Europe

Korea takes its curve out to twenty years.

The Republic of Korea returned to the international bond markets for the first time since last September yesterday October 27 with a twin tranche Eu500 million $603.3 million and $500 million global bond offering. The deal represents the first time Korea has tapped the Euro market and also extends the sovereign curve out to the 20-year mark.

The deal tapped into sentiment that previous quasi-sovereigns Kepco, Kexim and KDB have helped established with Euro-denominated bonds that...

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