Bankers are waiting for a bond deal to re-open the market after the August hiatus - with hopes pinned on the Korean sovereign, which could tap the market as early as Wednesday, according to people close to the situation.
With US non-farm payrolls due to be reported on Friday, that leaves a brief window for deals to print this week. The Korean sovereign had held roadshows in June but put its deal on hold due to volatile markets.
It is under pressure to print a deal, to set up a benchmark for other Korean issuers looking to tap the bond market. Spreads for Korean issuers have also...