Daejeon to make Samurai first

Korea''s second administrative capital has mandated Nomura Securities for a debut capital markets fundraising.
It has been a good week for the Japanese securities firm, which also snagged the mandate for a Y50 billion ($406 million) Samurai by the Korea Development Bank (KDB) on Monday.

This deal is likely to precede a Y13 billion ($105.4 million) Samurai guaranteed by the Daejeon Metropolitan City, planned for late July/early August. The latter will embrace a special purpose vehicle (SPV), through which three local construction companies plan to raise funds for the two year Riverside Expressway project.

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