NACF leads Korean borrowing for 2004

Agricultural Federation prices its first deal in Yen as Kexim and Woori launch roadshows for dollars.

The National Agricultural Cooperation Federation NACF priced its maiden deal in yen yesterday Thursday raising Y30 billion $283 million via Citigroup and Daiwa SMBC.

The three-year deal was priced at par with a semi-annual coupon of 0.94% to yield 64bp over yen-libor. It came at roughly the same premium in Yen as the BBBA3 rated credit trades against the A3A- rated KDB in dollars.

At the time of pricing KDB had a June...

To continue reading, please login or register for free

Click for more on: nacf | leads | korean | borrowing | 2004

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...