Korea Land's $500 million 10-year talked at T+125 bps

By Reshmi Basu

New York, May 21 - Korea Land Corp. has set price guidance for its planned offering of $500 million 10-year senior unsecured notes (A3/A-) in the area of 125 basis points over U.S. Treasuries, according to a market source.

Pricing could take place after the completion of the roadshow in New York on Monday. However, the deal is subject to market conditions.

Citigroup and Deutsche Bank are bookrunners for the Rule 144A/Regulation S offering for the Korean land utilization company.

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