Korean commercial lender Hana Bank early this morning priced a $500 million five-and-a-half-year bond, revisiting the market again after having earlier postponed its deal.
The initial guidance was released yesterday morning in the area of Treasuries plus 210bp. By evening, this was tightened to Treasuries plus 205bp plus or minus 2bp, with the bonds eventually printing at Treasuries plus 205bp to yield 4.115%.
The coupon was fixed at 4% and the notes were reoffered at 99.439. The deal gathered an order book of $1.4 billion from more than 116 accounts.
The Korean lender had been in the market with its dollar bond before Easter and went out with a...
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