KDB, Shinhan and Woori price

A big day for Korean borrowers.

The pricing of a $750 million upsized bond issue for the Korea Development Bank KDB during New York's afternoon yesterday Wednesday topped off a day-and-a-half of intense issuance activity by Korean borrowers. Deals for KDB, Shinhan and Woori all appeared to be a success, with many considering the two bank deals a particularly attractive proposition for investors.

All three borrowers followed an understandably cautious strategy of marketing wide guidance in the hope of building momentum and reigning...

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