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South Korea's GS Caltex talks dollar-denominated 10-year bonds at Treasuries plus 100 bps area
By Reshmi Basu
New York, April 16 - GS Caltex Corp. set initial price guidance for a dollar-denominated offering of 10-year bonds (Baa1) in the area of Treasuries plus 100 basis points, according to a market source.
Barclays Capital, Deutsche Bank, Citigroup and Goldman Sachs are managers for the Regulation S transaction.
The Seoul, Korea-based issuer, formally known as LG Caltex, is an oil refining company.
On Aug. 1, 2006, the GS Caltex sold $200 million of 10-year bonds at 98.98 with a 6% coupon to yield 6.138%, or 114 bps over Treasuries.
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