South Korea plans to offer dollar-denominated 10-year global bonds

By Aaron Hochman-Zimmerman

New York, Sept. 4 - The Republic of Korea (A2//A+) announced a dollar-denominated 10-year global bond offer, according to a preliminary prospectus.

Barclays, Goldman Sachs, HSBC, Lehman Brothers, Samsung Securities and UBS will act as bookrunners for the deal from a $5 billion issuance program.

A roadshow for the deal will be held on Monday in Singapore and London, on Tuesday in Hong Kong and Boston and on Wednesday in New York.

Proceeds from the sale will be added to Korea's foreign exchange stabilization fund, which is used to buy and sell foreign and domestic currencies, for deposits and loans to foreign and local banks as well as for refinancing debt.

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