Korea Development Bank is planning to issue more foreign-currency debt than its $7.5 billion target in 2014 after parliament blocked plans to privatize the lender.
Australia’s bond market had its busiest-ever week of issuance as Kangaroo borrowers were lured by a drop in costs and Qantas Airways Ltd. priced its first deal as a junk-rated company.
Divers retrieved more bodies from a South Korean ferry that sank last week, as investigators focused on whether the vessel was carrying more cargo than it was designed to hold.
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.
South Korea scrapped a five-year-old proposal to sell Korea Development Bank, a signal President Park Geun Hye will use the nation’s biggest policy lender to channel more funds to companies.
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.
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.
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.
Korea Development Bank completed a $40 million loan after attracting three lenders, said a person familiar with the matter.
South Korea’s biggest pension funds are cutting holdings of local debt to buy stocks in the U.S. and Europe, saying the days when the Asian nation could be counted on to outperform developed markets are in the past.