South Korea revises guidance for $1 billion equivalent euro-, dollar-denominated bonds

By Reshmi Basu

New York, Oct. 25 - The Republic of Korea set revised price guidance for a $1 billion equivalent offering of 10-year euro-denominated bonds and 20-year dollar-denominated bonds (A3/A/A+), according to a market source.

Guidance for the 10-year tranche of euro-denominated bonds was revised to mid-swaps plus 25 to 27 basis points from 30 bps while talk on the 20-year tranche of dollar-denominated bonds was revised to Treasuries plus 97 to 100 bps from 105 bps.

Meanwhile Wednesday's roadshow in London has been canceled, said another market source. Pricing is expected to take place early Wednesday morning.

ABN Amro, Citigroup, Goldman Sachs and UBS Investment Bank are managing the sale of the Securities and Exchange Commission-registered bonds.

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