KEB Hana sells tightly-priced floater

The lender sells its first floating-rate note since a 2015 merger.

KEB Hana sells tightly-priced floater

South Korea’s KEB Hana Bank sold $500 million of floating-rate notes this week, turning to investors in the format for the first time since a merger two years ago.

Taking the 144AReg route, the group which was created through a merger between Korea Exchange Bank KEB and Hana Financial Group drew $800 million of orders from 49 accounts. That may have appeared small compared to the $1.9 billion orderbook that Shinhan Bank achieved for...

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