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Korea National Oil sets talk; Tower of Bersama, CAF, Hutchison announce deal plans
By Aleesia Forni
New York, April 5 – Korea National Oil announced new deal plans amid a weaker market backdrop on Tuesday.
Korea National Oil set price talk for a planned benchmark offering of senior notes (Aa2/AA-/AA-) in five- and 10-year tranches, according to a market source.
The sale includes five-year notes talked in the 115-basis-points area over Treasuries and a 10-year tranche talked in the 120-bps area over Treasuries.
The primary also hosted new deal announcements from Tower Bersama Infrastructure Tbk. and Corporacion Andina de Fomento (CAF).
TBG Global Pte. Ltd., a wholly owned subsidiary of Tower Bersama Infrastructure, plans to price $500 million of senior notes, according to a market source.
CAF is eyeing a possible sale of bonds later this year, a market source said.
And Hutchison Finance (16) Ltd. is eyeing an offering of euro bonds in two parts.
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