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...
