Korea prices new sovereign bond

Republic adopts a more investor friendly approach to the international debt markets.

The Republic of Korea ROK returned to the international debt markets for the first time in just over a year yesterday September 16 with a $1 billion global bond offering.

Under the lead management of Barclays, Citigroup, Deutsche and JPMorgan, the 10-year SEC registered deal was priced at 99.290% on a coupon of 4.875% to yield 4.966%. This equates to 85bp over Treasuries or 40bp over Libor. Fees are 12.5bp.


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