IN BRIEF (Page 16)
China Daily | Updated: 2009-04-09 07:46
South Korea bond sale
South Korea plans to sell as much as $3 billion of dollar-denominated bonds overseas, the first such sale since November 2006, to bolster its defense of the won.
The government may price five-year notes to yield about 4 percentage points more than similar-maturity US Treasuries, according to an e-mail sent to investors by arrangers. Existing 2014 notes had a spread of 3.30 points yesterday, according to prices from BNP Paribas SA, compared with 3.21 points yesterday and as high as 6.27 points in October.
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