DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Busan’s $5bn response proves bond appetite

February 6, 2012 You can access the full text of this article on Euroweek website
South Korea’s Busan Bank drew a whopping $5bn of orders for its $300m bond last week, proving the ravenous appetite for investment grade bonds despite the heavy issuance since the start of the year.

Citi, Credit Agricole and UBS pitched the Busan deal with a initial price guidance of 385bp over Treasuries on Thursday morning, but tightened this to around 360bp — and then finally to 355bp in late afternoon, said a banker on the deal.

The five year notes were priced in line with final guidance, then surged on their Asian debut on Friday, tightening to as low as 323bp over Treasuries before pulling back to 330bp in late afternoon trading as some investors took profits, said credit traders from Hong Kong and Singapore.
Company — Busan Bank
  • Full name
    Busan Bank
  • Registration country
    Republic of Korea
  • Industry
    Banks