Hana Bank issues $500 million tightly-priced three-year bond

Hana joins the roster of Korean borrowers keen to tap strong investor demand.

Hana Bank issues $500 million tightly-priced three-year bond

Low interest rates and receptive investors keen to diversify credit exposure have created favourable conditions for Asian borrowers this month. While the high-yield sector has been dominated by Chinese property companies, Korean names have featured strongly among investment-grade borrowers.

Hana Bank was the latest to raise US dollar funding, with a $500 million issue launched on January 29.

It was the biggest three-year US dollar global bond by a Korean commercial bank...

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