With the Korean governmentÆs sovereign bond earmarked for launch towards the end of this month, debt capital market bankers are looking forward to increased activity by Korean issuers. Korea Development Bank KDB, the Export-Import Bank of Korea Kexim, Korea Expressway and National Agricultural Cooperative Federation NACF are all expected to issue debt in the coming months.
Apart from these government-owned and quasi-sovereign organisations, private sector banks like Woori and Kookmin are also lining up to issue debt.
One DCM banker says that by choosing to come to market earlier, rather than waiting for the market to pick up, these banks and corporates are trying to avoid a fight for investor attention. He says...
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