KoFC plans benchmark US dollar bond by year-end

KoFC was on the road last week meeting international investors, ahead of tapping its EMTN programme later this year.

Korea's newest state-owned policy bank plans to launch its first foreign currency benchmark-sized bond issue later this year. Korea Finance Corporation KoFC set up a $10 billion euro medium-term note programme EMTN in April, and received a rating equal to the Korean sovereign from the leading rating agencies. It is expected to apply for registration by the Securities and Exchange Commission and preliminary documentation is likely to begin in July.

Executive director Bong-sik Choi headed a delegation from KoFc on a five-day non-deal investor roadshow to Hong Kong and Singapore last week. It was the second round of meetings since the bank was inaugurated in October 2009.

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