Korea plans to issue dollar-denominated notes via seven bookrunners

By Christine Van Dusen

Atlanta, Jan. 11 – Korea is planning to issue dollar-denominated notes via seven bookrunners, according to a filing from the sovereign.

BofA Merrill Lynch, Citigroup, Goldman Sachs, HSBC, JPMorgan, Korea Development Bank and Samsung Securities are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will become part of the Foreign Exchange Stabilization Fund, which is used for selling and purchasing foreign securities, lending, guaranteeing debt and temporarily paying debt.

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