New Issue: Korea prices $1 billion in two tranches of notes due 2028, 2048

By Rebecca Melvin

New York, Sept. 14 – The Republic of Korea priced $1 billion of notes in two tranches, including $500 million of 3˝% 10-year notes at 99.399 and $500 million of 3 7/8% 30-year notes at 98.567, according to FWP filings with the Securities and Exchange Commission.

Citigroup, Credit Agricole CIB, HSBC, Korea Development Bank and BofA Merrill Lynch were joint bookrunners of the SEC-registered notes (Aa2/AA), which will listed on the Singapore Stock Exchange.

Issuer:	Korea
Issue:	Notes
Amount:	$1 billion
Bookrunners:	Citigroup, Credit Agricole CIB, HSBC, Korea Development Bank and BofA Merrill Lynch
Call:	Non-callable
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Ratings:	Moody’s: Aa2
	S&P: AA
Distribution:	SEC registered
10-year notes
Amount:	$500 million
Maturity:	Sept. 20, 2028
Coupon:	3˝%
Price:	99.399
30-year notes
Amount:	$500 million
Maturity:	Sept. 20, 2048
Coupon:	3 7/8%
Price:	98.567

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