Korea continues to hold centre stage

SK Telecom flies through the bond market, as Korea Highway hopes to follow and the sovereign mandates six banks for non-deal roadshow.

The success of a $300 million eurobond for SK Telecom yesterday Wednesday has demonstrated how keen investors remain on Korean paper despite the uncertainty created by the impeachment of the country's president Roh Moo-hyun. Within a day of launching roadshows on Monday, the A3A- rated cellular operator had managed to build up a $2 billion order book, so decided to shut up early, cut out roadshows in the US and price through guidance.

Under the lead of...

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