KT corp readies fourth US dollar bond

Korean telecoms operator kicks off roadshows for a new 10-year Reg S offering.

Merrill Lynch and UBS kicked off roadshows today for KT CorpÆs new 10-year Reg S offering. Split into two teams, the deal was shopped to prospective investors in London and Singapore yesterday April 24, before moving to Hong Kong for two meetings on Tuesday and Thursday. Pricing is expected on Thursday.

The unsubordinated, unsecured notes are rated A-A3. Size is expected to be in the $200 million area, although it has yet to be finalised.

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