New Issue: Korea's KT settles 530 billion won of unsecured notes in three tranches

By Susanna Moon

Chicago, June 2 - KT Corp. said it issued 530 billion won of unsecured notes at par in three tranches on Thursday.

The company sold 100 billion won of 4.37% notes due May 28, 2012, 170 billion won of 5.06% notes due May 28, 2014 and 260 billion won of 5.24% notes due May 28, 2016.

Daewoo Securities Co. Ltd. and KB Investment & Securities Co., Ltd. are underwriters.

KT is a telecommunications provider based in Seongnam, South Korea.

Issuer:	KT Corp.
Issue:	Unsecured notes
Total amount:	530 billion won
Underwriters:	Daewoo Securities Co. Ltd. and KB Investment & Securities Co., Ltd.
Settlement date:	May 28
Tranche 1
Amount:	100 billion won
Maturity:	May 28, 2012
Coupon:	4.37%
Price:	Par
Yield:	4.37%
Tranche 2
Amount:	170 billion won
Maturity:	May 28, 2014
Coupon:	5.06%
Price:	Par
Yield:	5.06%
Tranche 3
Amount:	260 billion
Maturity:	May 28, 2016
Coupon:	5.24%
Price:	Par
Yield:	5.24%

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