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Published on 9/18/2006 in the Prospect News Emerging Markets Daily.

Korea Highway plans to sell €400 million of 10-year notes

By Reshmi Basu

New York, Sept. 18 - Korea Highway Corp. plans to issue €400 million of senior unsecured notes due 2016 (A3), according to a market source.

Deutsche Bank, JP Morgan and UBS are lead managers for the issue, which will be priced off the issuer's multi-currency medium-term note program.

On May 17, 2005, Korea Highway priced a $500 million issue of 5 1/8% 10-year senior fixed-rate notes (A3/A-/A) at 98.938 to yield 5.263%, or 115 basis points over Treasuries.


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