Korean dollar DCM hits $15.9bn

GS Caltex is marketing a dollar deal, while Kookmin Bank and Korea Gas have hired banks for potential offerings as dollar issuance hits a YTD record.

GS Caltex is selling a $400 million five-year bond, following in the footsteps of other Korean borrowers that have come to market since the sovereign reopened funding doors last week, pushing the country’s dollar issuance to a record high.

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