KDB to prioritize euro funding

Policy bank says it may raise more money in euros than dollars from now on.

The Korea Development Bank KDB made its second ever foray into the euro-denominated market on Monday with an Eu500 million five-year deal led by ABN AMRO and Deutsche Bank. And the A3A-A rated bank is so pleased with the result that it is now proposing to raise more money in euros than dollars for the remainder of this year.

Says the bank's international funding head WG Kim, If circumstances continue to remain this favourable then I could see us raise slightly more in euros than dollars going forwards.

Kim says KDB typically raises 70% to 80% of its annual funding requirement in US dollars, but...

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