KorAm prices sub debt

And comes through the secondary trading levels of dollar comparables for the second deal in succession.

A new subordinated dollar bond offering was priced yesterday Tuesday for KorAm Bank. Led by Salomon Smith Barney, the $200 million 10 non-call five lower tier 2 transaction was priced at par with a coupon of 5.64% to yield 260bp over Treasuries.

On a like-for-like basis, pricing was said to have come about 15bp through the secondary market trading levels of lower tier 2 issues for both Hanvit and Cho Hung Bank, despite the fact that KorAm has...

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