Korea Highway prices new 10-year bond in troubled market

Adding to its curve, Korea Highway prices well in a volatile day on the Asian markets.

While Asian markets were mired in the vortex that followed the coup dÆetat in Thailand, joint leads Deutsche Bank, JPMorgan and UBS were busy pricing a new Ç400 million $508 million 10-year bond offering for Korea Highway.

The reg-S only deal, a drawdown on Korea Highway's EMTN programme, was announced on Monday with a guidance of mid-swaps plus 42bp on a maximum deal size of Ç400 million. When the A3A rated deal closed on Wednesday night, a total...

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