Published on 9/1/2020 in the Prospect News Emerging Markets Daily.
New Issue: South Korea’s KT prices $400 million 1% five-year notes
By Marisa Wong
Los Angeles, Sept. 1 – KT Corp. issued $400 million of 1% notes due 2025 (A-/A) on Tuesday, according to a notice.
BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank are the bookrunners.
Formerly Korea Telecom, KT is a state-owned telecommunications company based in Seongnam, South Korea.
| Issuer: | KT Corp.
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| Issue: | Notes
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| Amount: | $400 million
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| Maturity: | Sept. 1, 2025
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| Bookrunners: | BNP Paribas, Citigroup Global Markets Ltd., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank
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| Coupon: | 1%
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| Settlement date: | Sept. 1
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| Ratings: | S&P: A-
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| Fitch: A
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