South Korea moves to support export supply chains as tariffs loom
In preparation for the expected introduction of wide-ranging tariffs on goods imported into the US, ...
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Korea Ocean Business Corp (KOBC) has issued $600m of bonds to finance the state’s ambition to increase the domestic container shipping fleet to 2m teu by 2030.
Sold to local and overseas investors on Thursday, the issue was of three- and five-year maturity fixed-rate bonds, with each tranche worth $300m. Compared with US Treasury bonds of the same maturity, the KOBC bonds offer an interest rate 60 basis points higher for the three-year bonds, and 70 basis points higher for the ...
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