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Korea National Oil plans tripart note deal due 2025, 2027 and 2032
By Cristal Cody
Chicago, Jan. 10 – Korea National Oil Corp. plans to offer three series of senior notes in a deal with maturities ranging from three years to 10 years, according to a market source.
The company is offering notes due 2025 with talk in the Treasuries plus 80 basis points area.
The five-year tranche has talk of a spread in the 95 bps area over Treasuries.
And, the 10-year tranche is being marketed in the Treasuries plus 120 bps area.
BNP Paribas, Citigroup, HSBC Ltd., Mizuho, Korea Development Bank and UBS are the bookrunners.
Korea National Oil is an oil and gas production and exploration company based in Ulsan, South Korea.
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