Pusan Bank prices $200 million lower tier-two bond
Pusan Bank demonstrates that the skittish equity markets haven't scared away credit investors.
Pusan Bank yesterday priced a $200 million lower tier-two bond deal, ably demonstrating that credit investors are not too perturbed by the topsy-turvy equity markets.
The first bond deal to close after the market wobble last week, KoreaÆs leading regional lender printed a 10-year trade, callable after five years, that priced at 64 basis points over mid-swaps and which was executed in less than 12 hours to minimise execution risk.
KoreaÆs National Agricultural Cooperative FederationÆs NACF $440 million 2016-dated bonds...
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