KDIC exchangeable draws investor encore

Books close early 11 times oversubscribed, as the deal prices at the tight end of its indicative range.

After all the controversy surrounding the mandate of the $500 million deal, the deal's launch yesterday (Tuesday) proved remarkably straightforward, though a tiring slog for the lead bankers, one of whom only managed to grab a few hours sleep the night before pricing in a cardboard box beside his desk.

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