Sovereign Debt

Korea resets benchmarks for domestic bond issuers

Republic of Korea has become the first non-European issuer to price a euro bond with a negative yield, but it also reset the benchmark for other Korean issuers.

The Republic of Korea saw massive demand last week for its $1.45 billion dual-currency bond and, reflecting the liquidity in the market, became the first non-European issuer to price with a negative yield.

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