RFP issued for Korea's first hybrid tier 1 deal

Korea Exchange Bank (KEB) has issued the country''s first RFP for a hybrid tier 1 issue, joining Hana Bank, which is already planning a deal via Morgan Stanley.

Jackie Horne

October 09, 2002

A Request For Proposals (RFP) went out yesterday (Thursday) for a $200 million deal that if successful will mark the world's first hybrid tier 1 issue by a non-investment grade rated credit. KEB is just one of many Korean banks contemplating tier 1 issues. Hana, for example, is already said to be tied up with Morgan Stanley and Hanvit, Kookmin and Koram are also said to be keen to follow.

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