KoFC considers options: dollars or dim sum?
September 21, 2011 You can access the full text of this article on Euroweek website
Korea Finance Corp (KoFC) is considering selling a benchmark dollar bond before the end of the year, but has still not made a firm decision on whether to tap the struggling market. The policy bank could turn to Asia’s domestic currency markets instead — including selling a debut offshore renminbi bond.
The policy bank had a $1.5bn funding target at the start of the year, and has already raised more than $1bn of that. But this target is flexible and it could be increased if KoFC returns to the dollar bond market, where it would hope to get enough demand to sell a deal worth more than $500m.
Company — Korea Finance Corporation
Full nameKorea Finance Corporation
Registration countryRepublic of Korea