South Korea Markets Dollar Bond With US Investments on Horizon

South Korea is offering dollar-denominated bonds, an effort to bolster its foreign exchange reserves amid global uncertainties and massive investments pledged under a US trade deal.

The government is planning benchmark-sized notes in three and five-year maturities, according to people familiar with the matter. Initial pricing for the notes was set at around 13 basis points and about 16 basis points, respectively, over comparable US Treasury yields, they said.