South Korea to issue rare dollar bonds

For the first time since 2009, South Korea is issuing dollar-denominated bonds in a move seen as preparation for rising credit risk as the U.S. Federal Reserve tapers its bond buying and the U.S. military prepares a strike on Syria. Citi Group, Goldman Sachs, Deutsche Bank, HSBC, Woori Investment & Securities and Korea Development Bank have been selected as lead managers for the US$1 billion sale.

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Financial Times (tiered subscription model) · Yonhap News Agency (South Korea)

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