KoFC bond

Korea Finance Corp executes aggressively priced global bond

The quasi-sovereign prints a $500 million bond that prices flat to its secondary levels, but widens slightly amid weaker markets.

<div style="text-align: left;"> KoFC is paying the lowest spread for five-year paper from a Korean bank this year </div>

Denise Wee

August 02, 2012

Korea Finance Corp (KoFC) pushed out an aggressively priced $500 million SEC-registered five-year bond early Wednesday, achieving the lowest spread for five-year paper from a Korean bank this year. The bonds priced at Treasuries plus 180bp, at the wide end of the Treasuries plus 175bp to 180bp final guidance, but 10bp inside initial guidance.

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