Korea Highway talks $500 million 10-year notes at mid-swaps plus 70 bps; pricing Tuesday

By Paul A. Harris

St. Louis, May 16 - Korea Highway Corp. has talked an approximately $500 million offering of 10-year senior fixed-rate bonds (A3/A-/A) at mid-swaps plus 70 basis points, according to a syndicate source.

Pricing is set for Tuesday pending market conditions.

Citigroup, JP Morgan and UBS Investment Bank have the books for the Rule 144A/Regulation S offering.

Korea Highway Corp. is a state-run company providing construction, repair and maintenance, toll collection services for Korean expressways.

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