New Issue: Korea prices $1 billion 2¾% notes due 2027 at 98.955

By Marisa Wong

Morgantown, W.Va., Jan. 13 – Korea priced $1 billion of 2¾% 10-year notes at 98.955, according to an FWP filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Goldman Sachs International, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities LLC, Korea Development Bank, BofA Merrill Lynch and Samsung Securities Co., Ltd. are the joint bookrunners for the SEC-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, according to a previous announcement.

Issuer:	Korea
Issue:	Notes
Amount:	$1 billion
Maturity:	Jan. 19, 2027
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs International, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities LLC, Korea Development Bank, BofA Merrill Lynch, Samsung Securities Co., Ltd.
Coupon:	2¾%
Price:	98.955
Pricing date:	Jan. 12
Settlement date:	Jan. 19
Distribution:	SEC registered

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