KB Securities has launched a euro medium term note (EMTN) program as a means to cater to the growing interest of foreign investors over structured products issued by local securities firms.
The South Korean bank is the first to launch an EMTN programme among its local peers. With the funding programme, the securities firm aims to lure foreign institutional investors, especially Taiwanese insurance companies, into buying structured products “For those type of investors, the issuer’s credit rating is a critical matter taken into consideration, so we believe KB has a competitive edge in the global market,” said a banker at the firm. S&P has assigned its A- long
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