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Market Chatter: Korea-US Investment Organization to Issue First Dollar-Denominated Bond

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The Korea-U.S. Strategic Investment Corp is looking to issue up to $2 billion in bonds, Bloomberg reported Friday, citing people familiar with the matter.

The issuance could be the first dollar-denominated issuance under an investment pledge by the U.S. The organization is still selecting the first project out of the $350-billion investment package, the report said.

The organization supervises implementation of South Korean investments in U.S. projects, the report said.

South Korea's finance ministry did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Asia?

Asia

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ASX:LEX