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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

KDB to oversee won bond issue of Nomura’s subsidiary

By 최희석

Published : Oct. 13, 2016 - 15:22

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[THE INVESTOR] The Korea Development Bank will oversee the issuance of Nomura International Funding’s won-denominated bonds.

Nomura International Funding is a Singapore-based subsidiary of Nomura Holdings.

The bonds will have 15- and 20-year maturity, and call option will be offered each year after a set period of time, KDB said.

The total value of the bonds will be 150 billion won (US$ 132.11 million).

Nomura International Funding’s bonds will be the first Arirang bonds -- won-denominated bonds issued by entities based outside South Korea -- to be issued this year.

By Choi He-suk (cheesuk@heraldcorp.com)

KDB to oversee won bond issue of Nomura’s subsidiary

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