Published on 4/11/2016 in the Prospect News Emerging Markets Daily.
New Issue: Korea Resources prices $500 million 2¼% five-year notes at 110 bps over Treasuries
By Christine Van Dusen
Atlanta, April 11 – Korea Resources Corp. priced $500 million 2¼% five-year notes (Aa2/A+) at 99.906 to yield 2.27%, or Treasuries plus 110 basis points, on Monday, a market source said.
BofA Merrill Lynch, BNP Paribas, Citigroup and HSBC were the bookrunners for the Regulation S deal.
Korea Resources is a mining company based in Seoul, South Korea.
| Issuer: | Korea Resources Corp.
|
| Amount: | $500 million
|
| Maturity: | April 19, 2021
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas, Citigroup, HSBC
|
| Coupon: | 2¼%
|
| Price: | 99.906
|
| Yield: | 2.27%
|
| Spread: | Treasuries plus 110 bps
|
| Trade date: | April 11
|
| Settlement date: | April 19
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| Distribution: | Regulation S
|
© 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.
