By Mary-Katherine Stinson
Lexington, Ky., April 11 – Korea Mine Rehabilitation and Mineral Resources Corp. (Komir) issued $500 million of 5 3/8% notes due May 11, 2028 (A1/A), according to a notice.
The notes will be listed on the Singapore Exchange effective April 12.
Komir plans to use the proceeds for general corporate purposes, including to repay maturing debt, according to Moody’s Investors Service.
Korea Mine operates as a mine rehabilitation and mining industry agency based in Wonju-si, Korea.
| Issuer: | Korea Mine Rehabilitation and Mineral Resources Corp.
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| Amount: | $500 million
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| Issue: | Notes
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| Maturity: | May 11, 2028
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| Coupon: | 5 3/8%
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| Settlement date: | April 11
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| Listing date: | April 12
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| Rating: | Moody’s: A1
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| S&P: A
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| ISIN: | XS2600704956
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