The RoK keeps on rockin'

Korea prices a new dual-tranche sovereign bond inside of its existing yield curve.

The Republic of Korea RoK returned to the international debt markets for the first time in just over a year last night November 30 with a $1 billion equivalent dual-tranche global bond offering.

Under the lead management of Barclays Capital, Citigroup, Credit Suisse and Korea Development Bank, the A3AA rated Republic priced a $500 million 10-year bond and Ç375 million 15-year deal adding further to its curve across both currencies.

The 10-year SEC-registered deal was priced...

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