SK Corp reopens the taps for Asia's international debt markets
Korean refinery looks to mend fences with investors with new $300 million bond offering.
KoreaÆs largest oil refiner, SK Corp, priced a $300 million five-year bond offering on Tuesday May 16 at the tight end of revised guidance. The deal, lead jointly by Korea Development Bank, Morgan Stanley and UBS represents SK CorpÆs return to the international bond market and possibly the reopening of the market after three weeks of relative scarcity.
Initial guidance for the Reg S transaction was released last week at mid-swaps plus 67bp however as the deal gathered momentum the...
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