Korea Development Bank News
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Goldman Sachs Group Inc. made about $500 million arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, said a person familiar with the matter.
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Malaysian Prime Minister Najib Razak is facing calls before a weekend election to justify a $3 billion bond placement by the sovereign-wealth fund he leads, with opponents saying the deal was unnecessary and mispriced.
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South Korea probably will put off plans to sell its first dollar bonds in four years after North Korea’s war threats drove borrowing costs to a six-month high, say Mizuho Financial Group Inc. and Western Asset Management Co.
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STX Pan Ocean Co., a commodities shipping operator, led drops among STX Group units in Seoul trading after failing to draw buyers for a stake as part of plans to raise 2.5 trillion won ($2.2 billion) to pay debt.
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For shipbuilders such as STX Group, China was once a goldmine. Now it’s a graveyard.
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The Korea Development Bank hired banks to help it with a benchmark-sized sale of 5.5-year U.S. dollar bonds, according to a person familiar with the matter.
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General Motors Co.’s South Korean unit said a strengthening won is undermining competitiveness in a way that threatens the business’s sustainability.
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Korea Development Bank, the state-run lender known as KDB, hired HSBC Holdings Plc to help arrange a sale of baht-denominated bonds, according to a person familiar with the matter.
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Korea Development Bank, the state- run lender known as KDB, is planning the first yuan-denominated bond sale by a South Korean borrower, according to a banker with direct knowledge of the matter.
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Korea Development Bank plans to revive the sale of its stake in Daewoo Shipbuilding & Marine Engineering Co., said Kang Man Soo, chief executive officer of the state-run lender.
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