KT Corp returned to the bond markets for the first time in two years on Tuesday with a deal that looks set to benefit from the same momentum that propelled primary market order books for three new G3 deals on Monday and strong secondary market trading when they broke syndicate on Tuesday.
The Baa1A-A- rated telecoms group raised $400 million from a capped 10-year deal, which attracted a peak order book of $4.25 billion and final order book of $3.5 billion, according to one syndicate banker who said demand was led by Asia, followed by the US.
This was not quite in the same...
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