BOCI scores sole with Korean Air perp

The South Korean national carrier joins a region-wide rush to sell perpetual bonds, drawing $900 million of demand for its maiden deal.

BOCI scores sole with Korean Air perp

Korean Air Lines sold a $300 million perpetual bond on Monday, joining a recent rush of Asian issuers sellings making the most of demand for hybrid bonds.

Bank of China International BOCI was the sole global coordinator of the bond, marking the first time a Chinese bank has sole-led a G3 bond for a Korean issuer. But the bank did not have an easy passage to market, approaching investors in mid-May after Korean Air...

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