Korea shortlists six

The Republic of Korea is believed to have shortlisted six banks to compete today (Tuesday) for a $1 billion sovereign bond.

In what is shaping up to be one of Asia's fastest mandate selection processes, the Korean government is expected to award two investment banks joint books for a $1 billion 10-year global bond on Wednesday morning.

The decision should come just one day after six shortlisted banks submit hour-long presentations to a specially convened committee of Ministry of Finance MoFE officials, academics and independent policy advisors. Although the committee has been deliberately constructed to ensure an even...

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