Industrial Bank of Korea

Young Il Chun, head of international finance for IBK talks about his latest deal and why he disagrees with S&P.

Can you talk about your latest transaction and what it means for IBK

This $400 million five year transaction has been a great success. it is out 3rd Eurobond transaction. We did two last year. And we are the first Korean to issue after the Republic of Korea. Therefore that is very significant. Indeed, we are the first Korean policy bank to issue after the Republic. Our deal has been a win-win for us and for investors. This is part of our strategic long term approach to winning the approval of investors.

A large part of the deal was bought by Asians. Are Asian investors your key focus

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