New Issue: Korea Gas prices CHF 350 million notes due 2019, 2016

By Christine Van Dusen

Atlanta, Sept. 15 - South Korea's Korea Gas Corp. priced a CHF 350 million two-tranche issue of notes due 2019 and 2016 (A1) via bookrunners Barclays Capital, RBS and UBS, a market source said.

The deal included CHF 100 million 2 7/8% notes due Oct. 11, 2019, which came to the market at 100.226 to yield 2.843%, or mid-swaps plus 150 basis points.

The second tranche totaled CHF 250 million 2% notes due Oct. 11, 2016, which priced at 99.859 to yield 2.03%, or mid-swaps plus 117 bps.

Korea Gas is a natural gas company based in Seongnam, South Korea.

Issuer:	Korea Gas Corp.
Amount:	CHF 350 million
Description:	Senior notes
Bookrunners:	Barclays Capital, RBS, UBS
Trade date:	Sept. 14
Settlement date:	Oct. 10
Ratings:	Moody's: A1
Notes due 2019
Amount:	CHF 100 million
Maturity:	Oct. 11, 2019
Coupon:	2 7/8%
Price:	100.226
Yield:	2.843%
Spread:	Mid-swaps plus 150 bps
Notes due 2016
Amount:	CHF 250 million
Maturity:	Oct. 11, 2016
Coupon:	2%
Price:	99.859
Yield:	2.03%
Spread:	Mid-swaps plus 117 bps

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