New Issue: Korea Gas prices $750 million 6¼% notes due 2042 to yield Treasuries plus 345 bps

By Christine Van Dusen

Atlanta, Jan. 12 - Korea Gas Corp. priced a $750 million issue of 6¼% notes due Jan. 20, 2042 (A1/A/A+) at 98.063 to yield Treasuries plus 345 basis points, a market source said.

The notes priced below talk, which was set at Treasuries plus 350 bps to 362.5 bps.

Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley and UBS were the bookrunners for the Rule 144A and Regulation S deal.

Korea Gas is a natural gas company based in Seongnam, South Korea.

Issuer:	Korea Gas Corp.
Amount:	$750 million
Maturity:	Jan. 20, 2042
Description:	Notes
Bookrunners:	Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, UBS
Coupon:	6¼%
Price:	98.063
Spread:	Treasuries plus 345 bps
Change-of-control put:	At 100%
Trade date:	Jan. 12
Settlement date:	Jan. 20
Ratings:	Moody's: A1
	Standard & Poor's: A
	Fitch: A+
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 350 bps to 362.5 bps

© 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.