LG Caltex finds US audience for bond

The Korean oil refiner has bucked the recent trend of Asian bond deals and underpinned its latest 10-year offering with US-driven demand.

A $300 million euro-144a issue priced last night (Wednesday) in New York, represents LG Caltex's first fixed-rate bond issue since the Asian financial crisis and the first corporate Korean transaction to move out to the 10-year level since then, too.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media