kdb-ponders-yen-bond-as-hana-bank-woos-investors

KDB ponders yen bond as Hana Bank woos investors

KDB's Bong Sik Choi tells FinanceAsia that the policy bank plans to be opportunistic, amid easing concerns about future state ownership.

Bong Sik Choi, general manager of the international banking department at Korea Development Bank KDB, has told FinanceAsia that the government-owned policy bank plans to raise at least another $1.4 billion in 2009.

KDB has already raised $2.6 billion this year, including a successful $2 billion five-year global bond in January, and has a total refinancing requirement of $4 billion. However, it may raise more if it has the opportunity, and it is keen to lock in for mid- and long-term tenors.

Choi said that KDB is now looking at other major currencies, such as euros and -- especially -- yen, and completed a roadshow to Japan in early March. But,...

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