By Christine Van Dusen
Atlanta, May 13 - Korea Resources Corp. priced $300 million 4 1/8% notes due 2015 at 99.513 to yield Treasuries plus 197.5 basis points, according to a market source.
HSBC, Morgan Stanley, Standard Chartered Bank and Korea Development Bank were the bookrunners for the Regulation S-only deal.
Proceeds will be used for general corporate purposes.
Korea Resources is owned by the Korean government and implements national mineral resources-related policies.
| Issuer: | Korea Resources Corp.
|
| Amount: | $300 million
|
| Maturity: | 2015
|
| Description: | Notes
|
| Bookrunners: | HSBC, Morgan Stanley, Standard Chartered Bank, Korea Development Bank
|
| Coupon: | 4 1/8
|
| Price: | 99.513
|
| Spread: | Treasuries plus 197.5 bps
|
| Trade date: | May 13
|
| Rating: | Moody's: A1
|
| Distribution: | Regulation S only
|
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