Asian debt capital markets normally kick off the year with a benchmark offering from one of Korea's two main policy banks and 2016 has proved no exception with a $1.5 billion dual tranche offering from the Korea Development Bank KDB on Wednesday.
The transaction was launched into the market just as the North Korean government announced a national epoch making event following the purported denotation of a miniaturised hydrogen bomb.
In 2006 the country's first nuclear test had a damaging impact on financial markets but reaction to the latest move was muted and syndicate banks said demand for KDB's bond was completely unaffected.
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