Asian dollar bond issuance this year has so far been dominated by Hong Kong issuers but Korean companies are expected to join the crowd soon, as borrowers look to lock in funding at low rates. Korea Development Bank and Export-Import Bank of Korea Kexim have both already tapped the market.
Quasi-sovereign oil company Korea National Oil Corp KNOC sent out requests for proposals on Monday for an upcoming dollar bond and submissions are due this week, according to a source. The company is said to be eyeing a $500 million to $1 billion deal and is expected to issue either a five- or 10-year bond. Current expectations are that it...
¬ Haymarket Media Limited. All rights reserved.
