News alert: Hana Bank set for state-backed bond sale
April 02, 2009
From Pamela Tang
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.
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