The first bond deal to close after the market wobble last week, KoreaÆs leading regional lender printed a 10-year trade, callable after five years, that priced at 64 basis points over mid-swaps and which was executed in less than 12 hours to minimise execution risk.
KoreaÆs National Agricultural Cooperative FederationÆs NACF $440 million 2016-dated bonds were trading at a bidoffer spread of 4037 when Pusan Bank announced the deal. By the time Pusan's deal was priced, NACF's bonds had become considerably less liquid and were quoted at...
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