KDB brings second dollar benchmark of the year

Korean policy bank zips into market ahead of potential volatility surrounding next week's Federal Reserve meeting.

Korea Development Bank KDB jumped back into the G3 bond markets on Wednesday with a $750 million 144a deal that was timed to take advantage of what could turn out to be a short-lived market window. 

While renewed momentum across the Chinese stock markets has a created a positive backdrop, the looming US Federal Reserve policy meeting over the course of September 16 and 17 has the potential to send the emerging markets back into a tailspin even though few market participants believe it will raise rates. 

Over the past two days, the iTraxx Korea Index has come in 3bp to 6570, a slightly...

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