By Christine Van Dusen
Atlanta, Dec. 9 - Korea Land & Housing Corp. priced a CHF 100 million add-on to its floating-rate notes due Dec. 18, 2015 (A1//AA-) at par to yield Libor plus 65 basis points, a market source said.
Deutsche Bank, HSBC, RBS Securities and UBS were the bookrunners for the deal.
The original CHF 400 million issue of 2015 notes priced in November. It also priced at par to yield Libor plus 65 bps.
The Seongnam, South Korea-based company engages in the construction and management of land and housing properties.
| Issuer: | Korea Land & Housing Corp.
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| Amount: | CHF 100 million add-on
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| Maturity: | Dec. 18, 2015
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| Description: | Floating-rate notes
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| Bookrunners: | Deutsche Bank, HSBC, RBS Securities, UBS
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| Coupon: | Libor plus 65 bps
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| Price: | Par
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| Yield: | Libor plus 65 bps
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| Trade date: | Dec. 9
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| Settlement date: | Dec. 18
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| Ratings: | Moody's: A1
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| Fitch: AA-
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| Total amount: | CHF 500 million
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