Korea's KT sets final talk for three-, five-year dollar notes; pricing expected Monday

By Christine Van Dusen

Atlanta, April 14 - South Korea's KT Corp. gave final guidance for its upcoming issue of dollar-denominated notes due in three and five years (expected ratings: Baa1/A-/), a market source said.

The three-year notes were talked at a spread in the Treasuries plus 105 basis points area.

The five-year notes were talked at a spread in the 115 bps area.

BofA Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and HSBC are the bookrunners for the Rule 144A and Regulation S deal, which is expected to price on Monday.

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

© 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.