KDB prices $750 million worth of bonds inside its secondary curve with a book heavily laden with US investors. Elsewhere, CLP Power and Sunac China meet investors.
Despite the summer lull, Korea Development Bank prints well inside its existing curve, prompting a tightening of Korean policy bank sector bonds by 5bp to 10bp.
The likely privatisation of Woori Financial Group and possible sale of Lone Star’s stake in Korea Exchange Bank could result in the emergence of a Korean megabank this year.