By Aaron Hochman-Zimmerman
New York, April 1 - KT Corp. priced $160 million of notes in two tranches via Woori Investments, according to a press release.
The three-year notes worth $50 million priced at par with a coupon of Libor plus 150 basis points.
The five-year notes worth $110 million priced at par with a coupon of Libor plus 160 bps.
Woori Investment and Securities Co. Ltd. was the underwriter.
KT Corp. is a Seongnam, Korea-based telecommunications provider.
| Issuer: | KT Corp.
|
| Amount: | $160 million
|
| Manager: | Woori Investment and Securities Co. Ltd.
|
|
|
| Amount: | $50 million
|
| Issue: | Three-year notes
|
| Maturity: | March 31, 2011
|
| Coupon: | Libor plus 150 bps
|
| Price: | Par
|
| Spread: | Libor plus 150 bps
|
| Settlement date: | March 31
|
|
|
| Amount: | $110 million
|
| Issue: | Five-year notes
|
| Maturity: | March 31, 2013
|
| Coupon: | Libor plus 160 bps
|
| Price: | Par
|
| Spread: | Libor plus 160 bps
|
| Settlement date: | March 31
|
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