covered bond

Korea Development Bank's second three-year deal is priced with a coupon rate of 4.2%, in line with initial guidance. UOB, meanwhile, is poised to follow DBS with a covered bond.

Korea's biggest bank attracts strong demand for a $1 billion five-year covered bond issue, and avoids the constraints and stigma attached to government guarantees.

The Ñ30 billion deal is due to price on July 8, offering an old-fashioned but secure product.