Korea Highway Corp targets international bond market

The government-owned road builder is expected to become one of the Republic''s most active international issuers.

Submissions for a $300 debut bond deal were due yesterday Wednesday with eight banks invited to pitch for a 10-year deal, which should emerge early next year. Competition to win the mandate is said to be fierce given the high prospect of repeat issuance and two banks are likely to be appointed.

Korea Highway Corp KHC is a government agency that constructs expressways for the Ministry of Construction and Transportation. Back in 1999 it mandated Merrill Lynch for a debut...

To continue reading, please login or register for free

Click for more on: korea | highway | corp | targets | international | bond | market

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...