By Rebecca Melvin
Concord, N.H., March 29 – Naver Corp. sold $500 million 1˝% of notes due 2026 (/A-/), which will be listed on the Singapore Exchange, according to a listing notice.
Morgan Stanley & Co. International plc and Mirae Asset Daewoo Co. Ltd. were bookrunners and lead managers of the Regulation S transaction.
The internet search engine and e-commerce platform is based in Korea.
| Issuer: | Naver Corp.
|
| Issue: | Senior notes
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| Amount: | $500 million
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| Maturity: | March 29, 2026
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| Bookrunners: | Morgan Stanley & Co. International plc and Mirae Asset Daewoo Co. Ltd.
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| Coupon: | 1˝%
|
| Issue date: | March 29
|
| Listing date: | March 30
|
| Rating: | S&P: A-
|
| Distribution: | Regulation S
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