Korea set to market sovereign bond next week

The $1 billion benchmark deal will be the government's first foray into the international debt markets in almost two years.

The Korean government is to embark on a roadshow to market a $1 billion dollar-denominated bond expected to be launched later this month. The main purpose of the sovereign bond issue, which comes after a two-year gap, is to set a benchmark that will encourage Korean banks and corporates to come into the offshore debt market.

The sovereign will have a maturity of 10 years and is expected to be priced at about Libor plus 110bp, a source says. The...

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