By Reshmi Basu
New York, April 26 - KT Corp. sold a $200 million issue of 10-year notes (A3/A-) at 97.743 to yield Treasuries plus 110 basis points, or 6.161%, according to a market source.
Merrill Lynch and UBS were the lead managers for the offering.
KT Corp., based in Sungam, Korea, provides telecommunication services.
Last July, the issuer priced an upsized offering of $400 million in 10-year notes at 98.086 to yield Treasuries plus 98 basis points.
| Issuer: | KT Corp.
|
| Amount: | $200 million
|
| Issue: | Unsubordinated notes
|
| Maturity: | May 3, 2016
|
| Coupon: | 5 7/8%
|
| Issue price: | 97.743
|
| Yield: | 6.161%
|
| Spread: | Treasuries plus 110 basis points
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Lead managers: | Merrill Lynch, UBS
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
|
|
© 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.
