Korea bond sees huge Asian demand

The Republic of Korea returns to market and reprices the entire country''s credit curve in a strong deal driven by Asia.

The Republic of Korea has returned to the bond market with a successful $1 billion bond led by joint global coordinators Barclays, Citigroup and Goldman Sachs.

The 10 year bond gained an order book well in excess of $4 billion and priced at treasuries plus 92 basis points, equating to a yield of 4.307%. This feat ended up repricing the whole Korean credit curve.

Prior to the issue, the KDB has been Korea's proxy sovereign credit...

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