Published on 1/17/2012 in the Prospect News Emerging Markets Daily.
New Issue: South Korea's KT prices $350 million notes due 2017 to yield 3.899%
By Christine Van Dusen
Atlanta, Jan. 17 - South Korea's KT Corp. priced a $350 million issue of fixed-rate senior notes (/A/A) due Jan. 20, 2017 at 99.892 to yield 3.899%, a market source said.
Goldman Sachs and JPMorgan were the bookrunners for the Regulation S deal.
KT is a telecommunications company based in Seongnam, South Korea.
| Issuer: | KT Corp.
|
| Amount: | $350 million
|
| Maturity: | Jan. 20, 2017
|
| Description: | Senior fixed-rate notes
|
| Bookrunners: | Citigroup, Goldman Sachs, JPMorgan
|
| Price: | 99.892
|
| Yield: | 3.899%
|
| Trade date: | Jan. 17
|
| Settlement date: | Jan. 20
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A
|
| Distribution: | Regulation S only
|
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