New Issue: Korea Highway prices $500 million 10-year-bonds to yield 5.001%

By Reshmi Basu

New York, March 31 - Korea Highway Corp. sold $500 million of 10-year 4 7/8% notes at 99.018 to yield 5.001% (A3/A-), according to a market source.

Citigroup, Deutsche Bank Securities and JP Morgan were the bookrunners on the Rule 144A/Regulation S issue.

Issuer:	Korea Highway Corp.
Amount:	$500 million
Issue:	10-year notes
Maturity:	April 7, 2014
Coupon:	4 7/8%
Price:	99.018
Yield:	5.001%
Spread:	113 basis points
Pricing date:	March 31
Bookrunners:	Deutsche Bank Securities, Citigroup, JP Morgan
Ratings:	Moody's: A3
	S&P: A-

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