By Christine Van Dusen
Atlanta, Oct. 16 – Korean Reinsurance Co. Ltd. sold $200 million of 4½% notes due Oct. 21, 2044 at 99.558 to yield 4.6%, or Treasuries plus 314.70 basis points, a market source said.
The notes were talked at a yield in the 4.65% area.
HSBC and JPMorgan were the bookrunners for the Regulation S deal.
The issuer is based in Seoul, South Korea.
| Issuer: | Korean Reinsurance Co. Ltd.
|
| Issue: | Notes
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| Amount: | $200 million
|
| Maturity: | Oct. 21, 2044
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | 4½%
|
| Price: | 99.558
|
| Yield: | 4.6%
|
| Spread: | Treasuries plus 314.70 bps
|
| Call options: | Non-callable for five years
|
| Trade date: | Oct. 15
|
| Settlement date: | Oct. 21
|
| Expected rating: | Standard & Poor’s: BBB
|
| Distribution: | Regulation S
|
| Price talk: | 4.65% area
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