New Issue: Korea National Oil sells $1 billion 4% notes due 2016 at 310 bps over Treasuries

By Christine Van Dusen

Atlanta, Oct. 19 - Korea National Oil Corp. sold $1 billion 4% notes due Oct. 27, 2016 (A1/A/) at 99.387 to yield 4.137%, or Treasuries plus 310 basis points, a market source said.

Barclays Capital, Bank of America Merrill Lynch, HSBC, Korea Development Bank and RBS were the bookrunners for the Rule 144A and Regulation S deal.

Korea National Oil is South Korea's national oil and gas company and is based in Anyang, South Korea.

Issuer:	Korea National Oil Corp.
Amount:	$1 billion
Maturity:	Oct. 27, 2016
Description:	Senior notes
Bookrunners:	Barclays Capital, Bank of America Merrill Lynch, HSBC, Korea Development Bank, RBS
Coupon:	4%
Price:	99.387
Yield:	4.137%
Spread:	Treasuries plus 310 bps
Trade date:	Oct. 19
Settlement date:	Oct. 27
Ratings:	Moody's: A1
	Standard & Poor's: A
Distribution:	Rule 144A and Regulation S

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