KorAm mandates sub debt deal

Salomon Smith Barney has fought off competition from shortlisted rivals Deutsche Bank and JPMorgan to win the books for a $200 million lower tier 2 transaction for KorAm Bank. The result, however, is hardly a surprise given that Salomon has led every single one of KorAm's recent capital markets transactions including a $200 million GDR with Goldman Sachs in April and a novel $160 million sub debt deal last December.