By Rebecca Melvin
Concord, N.H., Oct. 7 – The Republic of Korea priced €700 million of green notes due notes 2026 and $500 million of 10-year notes (Aa2/AA/AA-), according to FWP filings with the Securities and Exchange Commission.
The zero-coupon green notes priced at 100.265.
The 1¾% dollar notes priced at 99.827.
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.
| Issuer: | Korea
|
| Issue: | Notes
|
| Amount: | €700 million, $500 million
|
| Bookrunners: | 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
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 15
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
|
|
| Green notes
|
| Amount: | €700 million
|
| Maturity: | Oct. 15, 2026
|
| Coupon: | 0%
|
| Price: | 100.265
|
| Call: | Non-callable
|
| ISIN: | XS2376820259
|
|
|
| 10-year notes
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| Amount: | $500 million
|
| Maturity: | Oct. 15, 2031
|
| Coupon: | 1¾%
|
| Price: | 99.827
|
| Call: | Non-callable
|
| Cusip: | 50064FAU8
|
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