Korea Resources launches $340 million five-year notes at Treasuries plus 122.5 bps

By Christine Van Dusen

Atlanta, April 29 - Korea Resources Corp. launched a $340 million offering of five-year notes at Treasuries plus 122.5 basis points, a market source said.

The notes were previously talked at a spread of 145 bps to 150 bps.

BofA Merrill Lynch, Citigroup and HSBC are the bookrunners for the Rule 144A and Regulation S deal.

Korea Resources is a mining company based in Seoul, South Korea.

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