Busy week unfolds for Korean debt issuers

KDB and KFB launch international bonds as IBK mandates Republic''s first sub debt issue by a policy bank.

In the hope of taking advantage of strengthening credit markets and the opening of a new issuance window, Korea First Bank KFB and the Korea Development Bank KDB launched two international bond deals yesterday Monday.

KDB should price first as it has forsaken roadshows for an accelerated bookbuild and will either price Tuesday, or Wednesday at the latest. With ABN AMRO, Citigroup and Deutsche Bank as lead managers, it has set off with a base deal...

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