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
Issuance from Korea has boomed during the start of 2013

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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