Korea to offer euro-denominated green notes, dollar-denominated notes

By Marisa Wong

Los Angeles, Oct. 4 – Republic of Korea plans to price senior notes (Aa2/AA/AA-) in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The offering will include euro-denominated green notes and dollar-denominated notes.

BofA Securities Inc., Citigroup Global Markets Inc., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities LLC and Korea Development Bank are the joint bookrunners.

The notes will not be callable.

Funds from the euro-denominated notes will be allocated to green projects. Proceeds from the dollar-denominated notes will become part of a foreign exchange stabilization fund.

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