Kookmin’s latest bond offers value

The Korean bank’s latest dollar bond offers attractive returns when compared to existing comparables but only if pricing doesn’t tighten excessively.

Kookmin’s latest bond offers value

Kookmin Bank is marketing a dollar-denominated senior unsecured bond maturing in three years, offering bondholders attractive value as US investors return from Friday's Independence Day break.

According to a term sheet seen by FinanceAsia on Monday, Korea’s largest bank by assets is selling its new 144AReg S-registered notes at Treasury plus a spread of around 85bp. With the US Treasury three-year bond trading at a yield of approximately 0.98%, this works out to...

To continue reading, please login or register for free

Click for more on: kookmin bank | investors | us treasury | debt

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...