Koram mandates banks for GDR

Koram Bank has chosen the investment banks that will lead one of the most exciting GDRs of the year.

Koram Bank has mandated Goldman Sachs and Salomon Smith Barney to lead its forthcoming $250 million GDR. The deal will hope to capitalize on thriving interest in the Korean market from foreign fund managers.

Koram is one of Korea's best managed banks, with a good retail banking strategy, 95% provisioning of bad loans, and low exposure to chaebol. It is also foreign-controlled, with a consortium of the Carlyle Group and JPMorgan Corsair owning 40.5% of the bank, and controlling seven out of the 13 board seats.

It comes as little surprise that Salomon should be mandated for the GDR given it advised the Carlyle consortium on its original investment. Goldman also advised on...

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