Korea Exchange Bank KEB will be hoping to ride on the back of renewed bullish sentiment towards emerging market debt when it prices a $200 million upper tier-2 capital issue on Monday. Led by Credit Suisse First Boston, the 10-year non call for five transaction is in the final stages of pre-marketing following investor presentations across the US this week and conference calls with investors in Asia and Europe.
Having been first mandated in April, many market participants were beginning to doubt that the deal would ever see the light of day following a sharp spike in the secondary market spreads of outstanding benchmarks. In the space of three weeks during May, for...
