By Angela McDaniels
Tacoma, Wash., Dec. 29 - KT Corp. issued KRW 230 billion of unsecured notes in two tranches on Dec. 19, according to a company news release.
The company priced KRW 100 billion of notes due Dec. 19, 2010 at par with a 5.34% coupon.
Another KRW 130 billion of notes priced at par with a 5.56% coupon. Their maturity date is Dec. 19, 2011.
Daewoo Securities Co. Ltd. was the underwriter for both deals.
KT is a telecommunications provider based in Seongnam, South Korea.
| Issuer: | KT Corp.
|
| Issue: | Unsecured Korean won-denominated notes
|
| Total amount: | KRW 230 billion
|
| Underwriter: | Daewoo Securities Co. Ltd.
|
| Settlement date: | Dec. 19
|
|
|
| Two-year notes
|
| Amount: | KRW 100 billion
|
| Maturity: | Dec. 19, 2010
|
| Coupon: | 5.34%, payable quarterly
|
| Price: | Par
|
| Yield: | 5.34%
|
|
|
| Three-year notes
|
| Amount: | KRW 130 billion
|
| Maturity: | Dec. 19, 2011
|
| Coupon: | 5.56%, payable quarterly
|
| Price: | Par
|
| Yield: | 5.56%
|
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