Korea Highway to launch $500 million 10-year global bonds

By Paul A. Harris

St. Louis, April 6 - Korea Highway Corp. plans to launch a $500 million offering of 10-year global bonds in late April or early May, according to market sources.

Citigroup, JP Morgan and UBS Investment Bank have the bookrunning mandate for the offering.

The company's sovereign ratings are A3 from Moody's Investors Service and A- from Standard & Poor's.

Korea Highway Corp. is 100% owned by the South Korean government.

© 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.