Korea Development Bank

KDB''s borrowing head, BS Choi talks about last month''s blockbuster deal and the Korean rating outlook.

 

Last month KDB launched KDB launched two very successful deals in dollars and euros. Can you talk about the pricing given that so few Asian issues can match their euro pricing with their dollar levels

Choi The original transaction had been postponed in mid-July due to heightened volatility in the US treasury markets and perceived risks on the Korean Peninsula. After the postponement, we watched the market closely waiting for the right moment.

The dollar deal was driven with strong global demand starting from Asia, building momentum as US and European investors participated. The order book was more than 8.5 times oversubscribed, allowing the deal to be upsized...

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