South Korea's Korail to roadshow $300 million five-year bonds until Wednesday

By Aaron Hochman-Zimmerman

New York, May 5 - Korea Railroad (A2/A) will market its proposed $300 million five-year senior unsecured bonds until Wednesday, according to a market source.

The roadshow will be held on Tuesday in London and Wednesday in New York.

Citigroup, HSBC and Morgan Stanley will act as bookrunners for the Rule 144A and Regulation S deal.

There is a change of control put at par if the government ceases to own and control more than 51% of Korail stock.

Korail is a Daejong, South Korea-based government railroad operator.

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