Published on 5/5/2015 in the Prospect News Emerging Markets Daily.
New Issue: South Korea’s Shinsegae prices $300 million 2 5/8% notes due 2045 at 125 bps spread
By Christine Van Dusen
Atlanta, May 5 – Shinsegae Co. Ltd. sold $300 million 2 5/8% 30-year notes (//A) at 99.42 to yield Treasuries plus 125 basis points on Tuesday, a market source said.
Citigroup was the bookrunner for the Regulation S deal.
Shinsegae is a Seoul-based department store franchise.
| Issuer: | Shinsegae Co. Ltd.
|
| Amount: | $300 million
|
| Maturity: | May 8, 2045
|
| Description: | Notes
|
| Bookrunner: | Citigroup
|
| Coupon: | 2 5/8%
|
| Price: | 99.42
|
| Spread: | Treasuries plus 125 bps
|
| Trade date: | May 5
|
| Settlement date: | May 8
|
| Rating: | Fitch: A
|
| Distribution: | Regulation S
|
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