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Korea's NACF postpones offering of $400 million 10-year bonds
New York, March 16 - National Agricultural Cooperative Federation (NACF) has pulled an offering of $400 million in 10-year bonds due to unfavorable market conditions, according to a market source.
Price guidance had been set at a spread of 65 basis points over mid-swaps.
Barclays Capital, BNP Paribas and JP Morgan were lead managers for the offering of tier II notes.
NACF is an umbrella organization for Korea's regional cooperatives.
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