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◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
South Korean policy lender kickstarts 2025 funding following a month of political chaos
Singaporean and South Korean lenders expected to be regular euro issuers
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Policy bank hopes building a full curve will provide more clarity to pricing -
Big bid even as caution lingers around duration risk and issuer credit quality
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Government’s deal is likely to be the first of many as other Chinese sovereigns and quasi-sovereigns line up offshore renminbi bonds
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Deal pipeline uncertain as fresh volatility erupts from China’s distressed property sector
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Some investment grade issuers have the luxury of waiting to print new bonds
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Las Vegas resort and casino operator, owned by Malaysia’s Genting, seals $400m crossover bond on long-term investor support
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