KT rides Korean corporate bond wave

A flush of corporate Korean bond deals are likely in the coming days with telecoms company KT Corp setting the scene.

KT rides Korean corporate bond wave

KT Corp raised a $1 billion dual-tranche bond on Monday, defying weaker market sentiment as investors clamour for high-quality South Korean notes that enabled the borrower to redefine its yield curve.

The company, formally known as Korea Telecom, sold $650 million three-year and $350 million five-year tranches, targeting investors both in the Reg-S and Rule 144A market includes US investors, according to a term sheet seen by FinanceAsia.

KT’s...

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