KDB launches 2016 funding with a bang

Traditional New Year policy bank deal achieves warm reception as market shrugs off North Korean nuclear bomb test.

KDB launches 2016 funding with a bang
People watch the hydrogen bomb test

Asian debt capital markets normally kick off the year with a benchmark offering from one of Korea's two main policy banks and 2016 has proved no exception with a $1.5 billion dual tranche offering from the Korea Development Bank KDB on Wednesday.

The transaction was launched into the market just as the North Korean government announced a national epoch making event following the purported denotation of a miniaturised hydrogen bomb.

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