When a number of Korean Wnancial institutions were looking to raise capital through a bond issue, Hanvit Bank beat them all. Then Hanvit dared to make its issue a two-tranche deal and raised $850 million.
Clearly investors were ready to take a chance in the Korean market, which was still reeling from the Daewoo crisis. Jonathan Brown, global head of emerging market bond syndication at JP Morgan in London, and lead-manager of the deal, says that Hanvit’s issue reveals the depth of the market.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
