Published on 11/19/2013 in the Prospect News Emerging Markets Daily.
New Issue: Korea Land & Housing prices CHF 400 million two-year floaters at Libor plus 65 bps
By Aleesia Forni
Virginia Beach, Nov. 19 - Korea Land & Housing Corp. priced CHF 400 million two-year floating-rate notes (A1) at par to yield Libor plus 65 basis points, according to a syndicate source.
The joint bookrunners were Deutsche Bank, HSBC, RBS Securities and UBS.
The Seongnam, South Korea-based company engages in the construction and management of land and housing properties.
| Issuer: | Korea Land & Housing Corp.
|
| Amount: | CHF 400 million
|
| Description: | Floating-rate notes
|
| Maturity: | Dec. 18, 2015
|
| Bookrunners: | Deutsche Bank, HSBC, RBS Securities, UBS
|
| Coupon: | Libor plus 65 bps
|
| Price: | Par
|
| Yield: | Libor plus 65 bps
|
| Trade date: | Nov. 19
|
| Rating: | Moody's: A1
|
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