Sectors

News alert: Hana Bank set for state-backed bond sale

Date: 02 Apr 2009

The South Korean lender is poised to price up to US$1 billion worth of three-year US dollar bonds tonight, when it will become the first to issue debt guaranteed by the government. The order book is already more than five times covered, illustrating pent-up demand, with the transaction tipped to bring more issuers to market.

Keywords (click to search): [Hana Bank] [bond] [sale] [guaranteed] [demand]

Pamela Tang

South Korea’s Hana Bank is set to sell up to US$1 billion worth of three-year US dollar bonds tonight, sources close to the deal told asiamoney.com.

The deal is expected to price in New York day-time, and had already received more than US$5 billion in orders as of 11am Hong Kong time today [April 2]. Book-building started on March 30.

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