New Issue: Amkor Technology $425 million 10-year notes yield 7¾%

By Paul A. Harris

St. Louis, May 1 - Amkor Technology, Inc. priced $425 million of senior notes due May 15, 2013 (B1/B) at par Thursday to yield 7¾%, according to a syndicate source.

Price talk was for a yield of 7¾%-8%.

Citigroup was the bookrunner. JP Morgan and Deutsche Bank Securities Inc. were co-managers.

Proceeds from the Rule 144A/Regulation S deal will be used to redeem the West Chester, Pa. firm's 9¼% notes due 2006.

Issuer:	Amkor Technology, Inc.
Amount:	$425 million
Maturity:	May 15, 2013
Security description:	Senior notes
Bookrunner:	Citigroup
Co-managers:	JP Morgan, Deutsche Bank Securities
Coupon:	7¾%
Price:	Par
Yield:	7¾%
Spread:	392 basis points
Call features:	Callable on May 15, 2008 at 103.875, then at 102.58, 101.29, declining to par on May 15, 2011 and thereafter
Settlement date:	May 8, 2003 (T+5)
Ratings:	Moody's: B1
	Standard & Poor's: B
Rule 144A Cusip:	031652AP5
Price talk:	7¾%-8%

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