By Reshmi Basu
New York, April 6 - Korea Zinc Co. Ltd. sold a $100 million offering of three-year floating-rate notes at par to yield six-month Libor plus 68 basis points, according to a market source.
Proceeds from the sale will be used for general corporate purposes.
ABN Amro is the bookrunner for the transaction.
The Seoul-based issuer is a manufacturer and refiner of non-ferrous metals, including zinc, lead and nickel, for use in steel, automobiles and the construction industry.
| Issuer: | Korea Zinc Co. Ltd.
|
| Amount: | $100 million
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| Issue: | Floating-rate notes
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| Maturity: | April 17, 2009
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| Coupon: | Six-month Libor plus 68 basis points
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| Issue price: | Par
|
| Yield: | Six-month Libor plus 68 basis points
|
| Pricing date: | April 6
|
| Settlement date: | April 18
|
| Lead manager: | ABN Amro
|
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