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South Korea's Hana Bank launched its $500 million, 5.5-year dollar bond to yield 260 basis points over comparable Treasurys, according to a person familiar with the deal.
That marks a 15- to 20-basis-point improvement from earlier pricing guidance, suggesting broad demand.
BNP Paribas SA (BNPQY, BNP.FR), Citigroup Inc. (C), ING, Royal Bank of Scotland Group PLC (RBS, RBS.LN) and UBS AG (UBS, UBSN.VX) are joint bookrunners on the planned Rule 144A/Reg S offering.
-By Patrick McGee, Natasha Brereton-Fukui and Carol Chan, Dow Jones Newswires; 212-416-2382; email@example.com