New Issue: South Korea’s KT Corp. prices $400 million 2˝% notes due 2026 at 110 bps spread

By Christine Van Dusen

Atlanta, June 13 – KT Corp. sold $400 million 2˝% 10-year notes (expected ratings: Baa1/A-/A-) at 99.229 to yield Treasuries plus 110 basis points on Tuesday, a market source said.

BNP Paribas, BofA Merrill Lynch, Citigroup and Nomura Securities were the bookrunners for the Rule 144A and Regulation S deal.

KT Corp. is a Seongnam, Korea-based telecommunications provider.

Issuer:	KT Corp.
Amount:	$400 million
Maturity:	July 18, 2026
Description:	Notes
Bookrunners:	BNP Paribas, BofA Merrill Lynch, Citigroup, Nomura
Coupon:	2˝%
Price:	99.229
Spread:	Treasuries plus 110 bps
Trade date:	July 12
Settlement date:	July 18
Expected ratings:	Moody's: Baa1
	S&P: A-
	Fitch: A-
Distribution:	Rule 144A and Regulation S

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