By Christine Van Dusen
Atlanta, July 3 – Korea National Oil Corp. priced a two-part issue of $750 million notes due in 2019 and 2024, a market source said.
The $250 million 2¾% notes due in 2019 came to the market at a spread of 65 basis points over Treasuries.
The $500 million 3¼% notes due 2024 came to the market at Treasuries plus 77.5 bps.
Other details on the pricing of the issue were not immediately available on Thursday.
| Issuer: | Korea National Oil Corp.
|
| Amount: | $750 million
|
| Description: | Notes
|
| Trade date: | July 3
|
|
|
| Five-year notes
|
| Amount: | $250 million
|
| Maturity: | 2019
|
| Coupon: | 2¾%
|
| Spread: | Treasuries plus 65 bps
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | 2024
|
| Coupon: | 3¼%
|
| Spread: | Treasuries plus 77.5 bps
|
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