By William Gullotti
Buffalo, N.Y., July 21 – KT Corp. priced $300 million 1 3/8% notes due Jan. 21, 2027 (A3//A), according to a listing notice on Wednesday.
The lead managers and bookrunners are BNP Paribas, Citigroup Global Markets Ltd. and Credit Agricole CIB.
Proceeds, according to Moody’s Investors Service, will be used to refinance debt.
KT is a Seongnam, Korea-based telecommunications provider.
| Issuer: | KT Corp.
|
| Amount: | $300 million
|
| Maturity: | July 18, 2027
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup Global Markets Ltd. and Credit Agricole CIB
|
| Coupon: | 1 3/8%
|
| Issue date: | July 21
|
| Listing date: | July 22
|
| Ratings: | Moody’s: A3
|
| Fitch: A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
