SK Telecom attracts strong demand for $700 million bond

Investors continue to clamour for Asian investment-grade credits, as SK Telecom prints a tightly priced deal.

SK Telecom returned to the international US dollar bond market this week after a five-year absence. In a blow-out deal, the leading Korean telecommunications firm raised $700 million and achieved the lowest coupon ever in the public market by any Asia-Pacific telco.

SK Telecom is part of SK Group, one of Korea’s biggest chaebol or conglomerates. It was set up in 1984 and now has a dominant share in the domestic market for mobile phone...

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