After a short break in February, Asia's G3 bond markets are alive and kicking once again. March is expected to be a busy month after three Korean banks mandated deals and several Korean companies took to the road to meet investors.
Woori Bank plans to raise about $500 million of subordinated debt, arranged by a group of seven banks Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, HSBC, J.P. Morgan, UBS and Woori Securities. The deal is currently in execution mode, according to one banker. The funds raised will likely be used to refinance maturing debt.
Meanwhile, Industrial Bank of Korea has hired BNP...
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