Koram mandates banks for GDR

Koram Bank has chosen the investment banks that will lead one of the most exciting GDRs of the year.

Koram Bank has mandated Goldman Sachs and Salomon Smith Barney to lead its forthcoming $250 million GDR. The deal will hope to capitalize on thriving interest in the Korean market from foreign fund managers.

Koram is one of Korea's best managed banks, with a good retail banking strategy, 95% provisioning of bad loans, and low exposure to chaebol. It is also foreign-controlled, with a consortium of the Carlyle Group and JPMorgan Corsair owning 40.5% of the bank, and...

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