Salomon Smith Barney has fought off competition from shortlisted rivals Deutsche Bank and JPMorgan to win the books for a $200 million lower tier 2 transaction for KorAm Bank. The result, however, is hardly a surprise given that Salomon has led every single one of KorAm's recent capital markets transactions including a $200 million GDR with Goldman Sachs in April and a novel $160 million sub debt deal last December.
Winning the mandate stands testament to the US investment bank's pioneering work with December's kimchi offering and its strong distribution network in the Republic. It also reflects the continuation of a close relationship with Michael Kim, the Korean head of the Carlyle...
