New Issue: Korea's National Agricultural Cooperative sells $500 million 4¼% notes of 2016 at 99.603

By Christine Van Dusen

Atlanta, July 23 - South Korea's National Agricultural Cooperative Federation priced $500 million 4¼% notes (A1//A+) due Jan. 28, 2016 at 99.603 to yield 4.332%, or Treasuries plus 268 basis points, according to a market source.

Citigroup, Credit Agricole CIB, RBS, Morgan Stanley and ING were the bookrunners for the Rule 144A and Regulation S deal.

National Agricultural Cooperative Federation is an agricultural cooperative banking organization based in Seoul.

Issuer:	National Agricultural Cooperative Federation
Amount:	$500 million
Maturity:	Jan. 28, 2016
Description:	Notes
Bookrunners:	Citigroup, Credit Agricole CIB, RBS, Morgan Stanley, ING
Coupon:	4¼%
Price:	99.603
Yield:	4.332%
Spread:	Treasuries plus 268 bps
Trade date:	July 21
Settlement date:	July 28
Ratings:	Moody's: A1
	Fitch: A+
Distribution:	Rule 144A and Regulation S

© 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.