Joint lead managers ABN AMRO, Credit Suisse First Boston and HSBC launch roadshows in Seoul today Tuesday for a debut lower tier 2 deal by the National Agricultural Co-operative Federation NACF.
Presentations then continue in Hong Kong, Singapore and London before scheduled pricing at the end of the week. However the borrower is keen to emphasize that the issue will only go ahead if market conditions remain stable.
Korean sub debt spreads were among the worst hit during recent sell-off and while the market has re-bounded over the past few days, underlying sentiment remains nervous and volatile.
NACF is likely to...