By Mary-Katherine Stinson
Lexington, Ky., April 3 – Korea National Oil Corp. issued $1 billion of notes in two tranches due 2026 and 2028 (Aa2/AA), according to multiple notices.
The $550 million 4¾% notes due April 3, 2026 and the $450 million 4 7/8% notes due April 3, 2028 were issued April 3.
The Regulation S and Rule 144A notes are expected to be listed on the Singapore Exchange April 4.
Proceeds will be used for general corporate purposes.
Korea National Oil is an Ulsan, South Korea-based state-owned integrated oil company.
| Issuer: | Korea National Oil Corp.
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Issue date: | April 3
|
| Listing date: | April 4
|
| Rating: | Moody’s: Aa2
|
| S&P: AA
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2026 Notes
|
| Amount: | $550 million
|
| Maturity: | April 3, 2026
|
| Coupon: | 4¾%
|
| ISIN: | US50065WAQ96, US50065XAQ79
|
|
|
| 2028 Notes
|
| Amount: | $450 million
|
| Maturity: | April 3, 2028
|
| Coupon: | 4 7/8%
|
| ISIN: | US50065WAP14, US50065XAP96
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
