By Sarah Lizee
Olympia, Wash., Nov. 18 – Doosan Infracore Co. Ltd. issued $300 million of 2¼% three-year senior notes (Aa2) under Regulation S, according to a notice.
The notes are guaranteed by the Korea Development Bank, which is a joint bookrunner of the transaction along with joint bookrunners HSBC and Societe Generale.
The proceeds of the notes will be used to repay outstanding debt and for other general corporate purposes.
The notes will be listed on the Singapore Stock Exchange.
Doosan is a lender based in Seoul, South Korea.
| Issuer: | Doosan Infracore Co. Ltd.
|
| Guarantor: | Korea Development Bank
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | 2022
|
| Bookrunners: | Korea Development Bank, HSBC and Societe Generale
|
| Coupon: | 2¼%
|
| Settlement date: | Nov. 18
|
| Listing date: | Nov. 19
|
| Rating: | Moody’s: Aa2
|
| Distribution: | Regulation S
|
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