Korea's Hanaro Telecom to issue up to $125 million in overseas bonds

By Reshmi Basu

New York, March 30 - Hanaro Telecom said it plans to issue up to $125 million in overseas bonds.

The bonds will carry a five- to 10-year maturity and will be structured as a bullet.

Proceeds from the sale will be used for general corporate purposes, including the repayment of the existing debts.

UBS and JP Morgan are running the Rule 144A/Regulation S deal.

The proposed issuance will be listed on Singapore Stock Exchange.

Hanaro Telecom, based in Seoul, is a telecommunication provider.

© 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.