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KoFC raises A$250m from Kangaroo bond debut

February 8, 2012 You can access the full text of this article on Euroweek website
Korea Finance Corp (KoFC) has raised A$250m ($270m) from its first ever sale of bonds in Australia, part of a plan to drum up $2bn from overseas creditors this year.

KoFC is the second issuer from South Korea to tap the Kangaroo bond market this year after Industrial Bank of Korea (IBK).

ANZ, Bank of America Merrill Lynch and HSBC came out with initial price guidance of 310bp over the three month BBSW, but firm demand from investors enabled the joint leads to price the four year deal at 305bp over, in line with final guidance and putting it at the same level as IBK’s A$350m, three year deal on January 17.
  • Status
    redeemed
  • Country of risk
    Republic of Korea
  • Redemption (put/call option)
    *** (***)
  • Amount
    250,000,000 AUD
  • М/S&P/F
    — / — / —
  • Full name
    Korea Finance Corporation
  • Registration country
    Republic of Korea
  • Industry
    Financial institutions