SK Broadband $300 million debut

The Seoul-based internet service provider sold its first dollar bond, which was 12 times oversubscribed, underpinned by improving pricing conditions.

SK Broadband $300 million debut
The is strong investor demand for high quality assets from South Korea.

SK Broadband raised a debut $300 million five-year bond, buoyed by strong investor demand for high quality assets from South Korea as well as improving pricing environment after the US debt ceiling resolution.

The South Korean internet service provider priced its first dollar note 30bp tighter than the initial price guidance of 200bp above Treasuries one of the most aggressive pricing revisions seen in the Korean space this year, according to a source close to...

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