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Published on 9/10/2020 in the Prospect News Emerging Markets Daily.

New Issue: Korea prices €700 million, $625 million of notes due 2025, 2030

By Wendy Van Sickle

Columbus, Ohio, Sept. 10 – The Republic of Korea priced $625 million and €700 million of notes in two tranches, according to FWP filings with the Securities and Exchange Commission.

The notes included €700 million of 0% five-year notes priced at 100.296 and $625 million of 1% 10-year notes priced at 98.139.

BNP Paribas, Merrill Lynch International, Citigroup Global Markets Ltd., J.P. Morgan Securities LLC, Standard Chartered Bank and Mirae Asset Daewoo Co. were joint bookrunners of the SEC-registered notes (Aa2/AA), which will listed on the Singapore Stock Exchange.

Issuer:Korea
Issue:Notes
Amount:€700 million, $625 million
Bookrunners:BNP Paribas, Merrill Lynch International, Citigroup Global Markets Ltd., J.P. Morgan Securities LLC, Standard Chartered Bank and Mirae Asset Daewoo Co.
Pricing date:Sept. 9
Settlement date:Sept. 16
Distribution:SEC registered
Five-year notes
Amount:€700 million
Maturity:Sept. 16, 2025
Coupon:0%
Price:100.296
10-year notes
Amount:$625 million
Maturity:Sept. 16, 2030
Coupon:1%
Price:98.139

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