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South Korea's Hanaro Telecom sets guidance for $500 million seven-year bonds at 7¼%-7½%
By Reshmi Basu
New York, Jan. 21 - Hanaro Telecom set initial guidance for its $500 million offering of seven-year bonds (Ba2) at 7¼% to 7½%, according to a market source.
The roadshow wraps up in London and New York on Monday. Pricing is expected to follow on Tuesday.
JP Morgan and UBS are running the books for South Korea's second-largest broadband service provider.
By early Friday, the book order was more than $700 million.
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