KEB taps subordinated debt market

Korea Exchange Bank will attempt to raise much needed tier-2 capital on Monday when it prices a dollar-denominated subordinated debt offering.

Korea Exchange Bank KEB will be hoping to ride on the back of renewed bullish sentiment towards emerging market debt when it prices a $200 million upper tier-2 capital issue on Monday. Led by Credit Suisse First Boston, the 10-year non call for five transaction is in the final stages of pre-marketing following investor presentations across the US this week and conference calls with investors in Asia and Europe.

Having been first mandated in April, many market participants were...

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