New Issue: SK Battery America issues $500 million 4 7/8% green notes due 2027

Chicago, Jan. 25 – SK Battery America, Inc. issued $500 million of 4 7/8% guaranteed senior green notes due 2027 (Aa3), according to an offering document.

Kookmin Bank is guaranteeing the notes.

The bonds priced at 99.658.

BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Ltd., J.P. Morgan Securities plc, MUFG Securities Asia Ltd. and Standard Chartered Bank managed the sale.

Proceeds will be used for eligible green projects.

The issuer is a wholly owned subsidiary of SK Innovation Co., Ltd. The subsidiary is based in Commerce, Ga., and operates battery production plants in Georgia, supplying batteries to Volkswagen, Ford and other major automakers.

Issuer:	SK Battery America, Inc.
Guarantor:	Kookmin Bank
Amount:	$500 million
Issue:	Guaranteed senior green notes
Maturity:	Jan. 23, 2027
Bookrunners:	BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, HSBC Ltd., J.P. Morgan Securities plc, MUFG Securities Asia Ltd. and Standard Chartered Bank
Trustee:	HSBC Ltd. as fiscal agent
Counsel to issuer:	Greenberg Traurig, LLP, Shin & Kim LLC
Counsel to guarantor:	Cleary Gottlieb Steen & Hamilton LLP, Shin & Kim LLC
Counsel to underwriters:	Linklaters LLP
Coupon:	4 7/8%
Price:	99.658
Call features:	Non-callable except for tax law
Trade date:	Jan. 16
Settlement date:	Jan. 23
Rating:	Moody’s: Aa3
Distribution:	Regulation S
ISIN:	XS2747557416

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.