Korea talks five-, 10-year dollar-denominated benchmark deal in Treasuries plus 400 bps area, 437.5 bps area

By Aaron Hochman-Zimmerman

New York, April 7 - The Republic of Korea announced talk for its dollar-denominated five- and 10-year benchmark-sized deal in the Treasuries plus 400 basis points area and the 437.5 bps area (A2/A/A+) respectively, according to a market source.

Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch and Samsung Capital will act as joint leads for the registered deal.

The bonds are expected to price Wednesday.

Proceeds will be used for selling and purchasing foreign currencies and for depositing or lending to the Bank of Korea.

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