KT Corp bond calls its timing right

Korean telecom operator returns to the international bond markets for the first time in two years with the kind of long-dated blue chip name that plays well with domestic investors.

KT Corp bond calls its timing right

KT Corp returned to the bond markets for the first time in two years on Tuesday with a deal that looks set to benefit from the same momentum that propelled primary market order books for three new G3 deals on Monday and strong secondary market trading when they broke syndicate on Tuesday.

The Baa1A-A- rated telecoms group raised $400 million from a capped 10-year deal, which attracted a peak order book of $4.25...

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