South Korea plans to price one or more tranches of dollar notes

By Rebecca Melvin

New York, Sept. 13 – The Republic of Korea plans to price one or more dollar-denominated benchmark tranches of notes (AA), according to market sources.

BofA Merrill Lynch, Citigroup, Credit Agricole CIB, HSBC and KDB are joint bookrunners of the notes, which will be non-callable and listed on the Singapore Stock Exchange, according to a Securities and Exchange Commission filing.

S&P Global Ratings said the tranches will be 10-year and 30-year maturities and that its rating is based on the country's favorable policy environment, sound fiscal position and net external creditor position.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.