KT&G outlines indicative terms

The Korean government will seek a slim discount for the DR portion of its combined equity and convertible monetization.

Roadshows begin in Hong Kong today Thursday for a roughly $500 million deal, which will price in New York on Wednesday October 24. Led by Credit Suisse First Boston, UBS Warburg, Dongwon Securities and Hyundai Securities, the unusually structured structured transaction was originally scheduled to begin presentations two days after the terrorist attacks in the US on September 11.

Despite the fact Asian markets have sold off since that date, indicative terms remain unchanged and the lead managers...

To continue reading, please login or register for free

Click for more on: ktg | outlines | indicative | terms

Print Edition

FinanceAsia Print Edition