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CORRECTION - S. KOREA SELLS US$1 BLN GLOBAL BOND.
(Corrects pricing yields in 2nd para)
LONDON, Dec 1 Asia Pulse - South Korea raised $1 billion Thursday by selling sovereign debts at a lower-than-expected yield on strong demand, the country's Finance Ministry said.
The sale comprises a $500 million 10-year bond priced at 5.179 percent with an annual coupon rate of 5.125 per cent, and a 375 million euro ($494 million) 15-year bond priced at 4.259 percent with an annual coupon of 4.25 per cent.
The two-tranche offer had attracted more than $2.7 billion in orders, the ministry said, adding that the debt sale will serve as a pricing benchmark for South Korean companies.
Barclays Capital, Citigroup, Credit Suisse and Korea Development Bank were the joint bookrunners.
In October last year, South Korea raised $1 billion by selling debts in euros and ...
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Source: HighBeam Research, CORRECTION - S. KOREA SELLS US$1 BLN GLOBAL BOND.