New Issue: Korea's SK Telecom prices $700 million 2 1/8% notes due 2018 at 147.5 bps spread

By Christine Van Dusen

Atlanta, Oct. 24 - Korea's SK Telecom Co. Ltd. sold $700 million 2 1/8% notes due May 1, 2018 (A3/A-/A-) at 99.423 to yield 2.237%, or Treasuries plus 147.5 basis points, a market source said.

The notes priced in line with talk, set at the Treasuries plus 150 bps area, plus or minus 2½ bps.

Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank, HSBC and UBS were the bookrunners for the Rule 144A and Regulation S deal.

Seoul, South Korea-based SK Telecom is a mobile phone operator.

Issuer:	SK Telecom Co. Ltd.
Amount:	$700 million
Maturity:	May 1, 2018
Description:	Senior notes
Bookrunners:	Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank, HSBC, UBS
Coupon:	2 1/8%
Price:	99.423
Yield:	2.237%
Spread:	Treasuries plus 147.5 bps
Trade date:	Oct. 24
Settlement date:	Nov. 1
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 150 bps area, plus or minus 2½ bps

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