Published on 11/14/2011 in the Prospect News Emerging Markets Daily.
New Issue: Korea Land sells CHF 150 million notes due 2013 at par to yield Libor plus 100 bps
By Christine Van Dusen
Atlanta, Nov. 14 - Korea Land & Housing Corp. priced a CHF 150 million issue of notes due Dec. 12, 2013 (A1) at par to yield Libor plus 100 basis points, a market source said.
Deutsche Bank was the bookrunner for the notes, which include a change-of-control put at 100%.
Korea Land & Housing is an economic development company based in Seoul, South Korea.
| Issuer: | Korea Land & Housing Corp.
|
| Amount: | CHF 150 million
|
| Maturity: | Dec. 12, 2013
|
| Description: | Notes
|
| Bookrunner: | Deutsche Bank
|
| Coupon: | Libor plus 100 bps
|
| Price: | Par
|
| Yield: | Libor plus 100 bps
|
| Change-of-control put: | 100%
|
| Trade date: | Nov. 11
|
| Settlement date: | Dec. 12
|
| Rating: | Moody's: A1
|
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