KDB prints aggressive $1 billion bond

KDB's three-year bond hits a sweet spot with US investors. Meanwhile, Hana Bank arranges investor meetings starting next week.

KDB prints aggressive $1 billion bond
KDB's headquarters in Seoul

Asia’s investment-grade borrowers have had a slower start this year, with much of the bond issuance so far skewed towards high-yield. But Korea Development Bank KDB redressed the balance early Wednesday morning when it closed a $1 billion dual-tranche bond, offering investors the chance to diversify away from the flood of Chinese real estate paper.

It was the second Korean borrower to tap the bond market after Kookmin Bank issued $300 million last week. And...

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