KDB back for more dim sum with $203m bond

Korea Development Bank jumped back into the dim sum bond market on Tuesday, raising another Rmb1.3 billion $203.4 million by issuing its second three-year renminbi-denoninated bond in three months.

KDB, rated Aa3AA-, priced the deal to yield 4.2% after receiving a positive feedback from Asian investors, according to a source familiar with the matter, who declined to comment on the size of the order book. The final pricing was unchanged from initial guidance, based on a term sheet seen by FinanceAsia. 

Foreign sovereign and quasi-sovereign issuers like the KDB and government of Mongolia are increasingly tapping the...