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Published on 6/9/2004 in the Prospect News Emerging Markets Daily.

Korea's KT to issue $500 to $700 million 10-year bonds

By Reshmi Basu

New York, June 9 - KT Corp. is planning a $500 to $700 million 10-year bond offering (Baa1) this month, according to a market source.

Proceeds will be used to repay debts maturing next year.

Sungnam-based KT Corp. is South Korea's largest fixed line telecommunications operator.


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