KDB defies North Korea volatility for $1bn bond

Morgan Davis

September 14, 2017 01:15 PM

Kim_Jong_Un_PA_230x150 — N. Korea fires another ICBM This image captured from (North) Korean Central Television on July 29, 2017, shows North Korean leader Kim Jong-un (R) celebrating after the North's second intercontinental ballistic missile was launched on the previous day. North Korea test-fired the missile called the Hwasong-14 under the supervision of Kim, according to the Korean Central News Agency. (For Use Only in the Republic of Korea. No Redistribution) | Yonhap/Yonhap News Agency/PA Images

Korea Development Bank assured investors that all is well in the South Korean market by selling a closely watched triple tranche deal the day after the United Nations announced sanctions against its northern neighbour. The policy bank managed to grab $1bn, but the transaction wasn’t without its challenges. Morgan Davis reports.

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Topics

SSA UBS KDB Daewoo Securities Supras and agencies South Korea Asia Mizuho Morgan Stanley Northeast Asia Asia Pacific Emerging Markets Société Générale Goldman Sachs

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Morgan Davis

Deputy editor GlobalCapital Asia