By Devika Patel and Cristal Cody
Knoxville, Tenn., June 23 – GS Caltex Corp. sold $300 million of 4˝% notes due Jan. 5, 2026 (Baa1/BBB) with a spread of Treasuries plus 135 basis points on Wednesday, according to a market source.
Initial price talk was in the Treasuries plus 170 bps area.
BofA, BNP Paribas, Citigroup and Credit Agricole CIB were the bookrunners.
Proceeds were used for general corporate purposes, according to Moody’s Investors Service.
GS Caltex is an oil refiner based in Seoul, South Korea.
| Issuer: | GS Caltex Corp.
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| Amount: | $300 million
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| Issue: | Notes
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| Maturity: | Jan. 5, 2026
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| Bookrunners: | BofA, BNP Paribas, Citigroup and Credit Agricole CIB
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| Coupon: | 4˝%
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| Spread: | Treasuries plus 135 bps
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| Trade date: | June 22
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| Ratings: | Moody’s: Baa1
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| S&P: BBB
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| Guidance: | Treasuries plus 170 bps area
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