Korea Telecom secures premium pricing

The Korean government has finally been able to price a privatization offering at a premium to the underlying share price.

Few are hailing Korea Telecom 2 a major triumph, but a number believe that the $2.242 billion deal that priced yesterday Thursday can be considered a minor one. For the Korean government, it will have come as a great relief that it has not been faced with its usual dilemma of whether to price a national asset at a cheaper price to foreigners than local investors are able to buy it. More importantly, the completion of the deal...

To continue reading, please login or register for free

Click for more on: korea | telecom | secures | premium | pricing

Print Edition

FinanceAsia Print Edition