KEB taps subordinated debt market

Korea Exchange Bank will attempt to raise much needed tier-2 capital on Monday when it prices a dollar-denominated subordinated debt offering.

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...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222