By Jennifer Chiou
New York, Feb. 11 - KT Corp. announced the issue of 600 billion won total of unsecured notes at par in three tranches on Tuesday.
The company sold 240 billion won of 4.86% notes due Feb. 9, 2013, 190 billion won of 5.26% notes due Feb. 9, 2015 and 170 billion won of 5.38% notes due Feb. 9, 2017.
Interest is payable quarterly.
Proceeds are earmarked for refunding bonds and for operations.
Woori Investment & Securities Co., Ltd. is the underwriter.
KT is a telecommunications provider based in Seongnam, South Korea.
| Issuer: | KT Corp.
|
| Issue: | Unsecured notes
|
| Total amount: | 600 billion won
|
| Underwriter: | Woori Investment & Securities Co., Ltd.
|
| Settlement date: | Feb. 9
|
|
|
| Tranche 1
|
| Amount: | 240 billion won
|
| Maturity: | Feb. 9, 2013
|
| Coupon: | 4.86%
|
| Price: | Par
|
| Yield: | 4.86%
|
|
|
| Tranche 2
|
| Amount: | 190 billion won
|
| Maturity: | Feb. 9, 2015
|
| Coupon: | 5.26%
|
| Price: | Par
|
| Yield: | 5.26%
|
|
|
| Tranche 3
|
| Amount: | 170 billion
|
| Maturity: | Feb. 9, 2017
|
| Coupon: | 5.38%
|
| Price: | Par
|
| Yield: | 5.38%
|
© 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.
