New Issue: Korea Expressway lists $300 million floating-rate sustainability notes due 2028

Chicago, July 11 – Korea Expressway Corp. issued $300 million of floating-rate senior sustainability notes due 2028 (Aa2), according to an offering document.

Interest will be at SOFR plus 103 basis points. There was no discount.

The lead manager was Standard Chartered Bank (Taiwan) Ltd.

Proceeds will be used to finance or refinance eligible green and social projects under the issuer’s sustainable finance framework.

The notes are being listed in Singapore and on the Taipei Exchange.

Issuer:	Korea Expressway Corp.
Amount:	$300 million
Issue:	Sustainability notes
Maturity:	July 10, 2028
Bookrunner:	Standard Chartered Bank (Taiwan) Ltd.
Co-managers:	Capital Securities Corp., Cathay United Bank Co., Ltd., E. Sun Commercial Bank, Ltd., Fubon Securities Co., Ltd., KGI Securities, Mega International Commercial Bank Co., Ltd., President Securities Corp., Sinopac Securities Corp., Shanghai Commercial Savings Bank, Ltd. and Yuanta Securities Co., Ltd.
Coupon:	SOFR plus 103 bps
Price:	Par
Yield:	SOFR plus 103 bps
Trade date:	June 28
Settlement date:	July 10
Rating:	Moody’s: Aa2
Distribution:	Regulation S
ISIN:	XS2642838846

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