Goldman readies deal for Korea Water

The state-run utility looks to establish a new five-year curve.

Goldman Sachs has released guidance for a new $150 million five-year FRN for Korea Water Resources Korwat. On Tuesday, the American investment bank announced that it would seek to price the deal in the region of 27bp to 30bp over three-month dollar Libor. The lead expects to price the deal either today or Thursday.

The deal was announced last week and roadshows kicked off on Monday taking in both Singapore and Hong Kong.

With the A2A rated groupÆs...

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