Best pricing for Korea Water's $150 million offering
Goldman Sachs prices the new five-year Korwat deal at the tight end of guidance.
In a deal marked by very quick execution, Goldman Sachs successfully priced a new $150 million five-year FRN for Korea Water Resources Korwat at the tight end of initial guidance.
On Tuesday, Goldman announced initial guidance in the region of 27bp to 30bp over three-month dollar Libor. When final pricing came on Wednesday, the deal closed at par with a coupon of 27bp over.
The A2A rated deal was announced last week and took in one-on-one meetings in Singapore...
To continue reading, please login or register for free