Despite the summer lull, Korea Development Bank prints well inside its existing curve, prompting a tightening of Korean policy bank sector bonds by 5bp to 10bp.
With the volatility in the equity markets and the uncertainty over the economic outlook, Asia’s wealthiest people are putting their cash to work in the bond markets.
India's Bank of Baroda raises $350 million and Korea's Woori pockets $500 million, both taking advantage of the current steepness in the yield curve between five and six years to lure investors with a higher coupon.
