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Bloomberg
A South Korean bank is offering bonds to fund the fight against the coronavirus pandemic, joining issuers worldwide issuing such debt.
Kookmin Bank is marketing five-year dollar notes whose proceeds will be used to support small and medium-sized firms and mom-and-pop businesses affected by the virus.
Investor demand for debt to battle the coronavirus outbreak is expected to grow as countries around the world try to cushion the devastating economic impact of it. In Asia, the Asian Development Bank and Indonesia have sold securities recently that will help pay for relief efforts.
The South Korean government this week added 35 trillion won ($28 billion) to a 100 trillion won rescue package to stabilise financial markets and support small businesses, which have been hurt especially hard by the deadly pandemic.