Korea Securities Finance announced on the 6th that it has issued $300 million (approximately 400 billion won) in foreign-currency bonds, marking its first foray into the global capital market since its establishment in 1955.
The three-year notes were priced at a yield of 4.977%, representing a spread of 47 basis points over the three-year U.S. Treasury benchmark. The issuance received an “Aa2” rating from Moody’s, aligning with South Korea’s sovereign credit rating.
By investor category, banks comprised 48% of the order book, asset managers accounted for 39%, and other investors made up the remaining 13%. Korea Securities Finance noted that despite being a debut issuance, the offering attracted high-quality global investors.
Under the leadership of President Kim Jeong-gak, the firm has actively pursued an expansion of its global capabilities, including securing a foreign-exchange swap dealer license and establishing a subsidiary in Hong Kong. The company stated that this bond issuance is part of that broader strategy, aiming to diversify funding channels beyond the domestic market and strengthen the foundation for supplying foreign-currency liquidity to the capital markets.
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