Continuing its run of success with Korean corporate bond mandates, Credit Suisse First Boston has the books for a five-year, fixed rate deal. Regarded as parent group Hyundai Motor's house bank, CSFB will be hoping to emulate the success of its recent $467 million exchangeable for Hyundai Motor into Kia Motors, launched early this month.
Kia's debut international bond deal, rated BB-Ba3, should also prove to be one of the most interesting international transactions out of the Republic this year. Despite its low double-B rating, the lead is likely to try and push pricing as close as possible to triple-B levels, backed by a combination of positive...
