Daejeon to make Samurai first

Korea''s second administrative capital has mandated Nomura Securities for a debut capital markets fundraising.
It has been a good week for the Japanese securities firm, which also snagged the mandate for a Y50 billion $406 million Samurai by the Korea Development Bank KDB on Monday.

This deal is likely to precede a Y13 billion $105.4 million Samurai guaranteed by the Daejeon Metropolitan City, planned for late Julyearly August. The latter will embrace a special purpose vehicle SPV, through which three local construction companies plan to raise funds for the two year Riverside Expressway project.

Daejeon, located 150km south of Seoul, is one of the country's main transportation hubs and will also be a host of the 2002 World...

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