Korea Development Bank (KDB) was able to execute its first Kangaroo deal since November 2015 – the first from any Korean borrower since the first half of last year – despite the deal coming at the end of a week of global market volatility. Deal sources say the issuer achieved a twice-oversubscribed book with an attractive cost of funds, which hints at a potential revival in opportunities for mid-curve Kangaroo issuance.

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