Bankers await Korean sovereign to re-open market

Deal could come as early as Wednesday, with South Korea under pressure to print a deal, to set up a benchmark for other Korean issuers looking to tap the bond market.
ICBC Asia became the first Asian bank to tap the market with a Basel III bond in 2011, but it issued in the offshore renminbi bond market, raising Rmb1 billion.
ICBC Asia became the first Asian bank to tap the market with a Basel III bond in 2011, but it issued in the offshore renminbi bond market, raising Rmb1 billion.
September 04, 2013

Bankers are waiting for a bond deal to re-open the market after the August hiatus - with hopes pinned on the Korean sovereign, which could tap the market as early as Wednesday, according to people close to the situation.

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