New Issue: Korea sells oversubscribed $1 billion 10-year global bonds to yield T+85 bps

By Reshmi Basu

New York, Sept. 16 - The Republic of Korea priced $1 billion global bonds at 99.29 to yield Treasuries plus 85 basis points, according to a market source.

The deal came to market two basis points tighter than initial price guidance of 87 basis points.

One source said the book size for the deal was around $3 billion.

Barclays Capital, Citigroup, Deutsche Bank and JP Morgan were lead managers for the Securities and Exchange Commission-registered global bond offering.

Issuer:	The Republic of Korea
Amount:	$1 billion
Issue:	Global bonds
Maturity:	Sept. 22, 2014
Coupon:	4.875%
Issue price:	99.29
Yield:	4.966%
Spread:	85 basis points
Pricing date:	Sept. 16
Settlement date:	Sept. 22
Lead managers:	Barclays Capital, Citigroup, Deutsche Bank, JP Morgan
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A

© 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.