KNOC bond

KNOC prints $1 billion bond through secondary curve

Meanwhile Vietinbank, China Resources Gas and Zoomlion line up.

Quasi-sovereign oil company Korea National Oil Corp KNOC printed a $1 billion five-year bond through its secondary curve early yesterday morning and then saw the bonds trade tighter, setting a firm tone for what looks like a busy week with debt issuance poised to pick up again.

The deal also added to the rush of investment-grade issuance seen in the first quarter of 2012. KNOC is rated A1 by Moody’s and A by SP and it is 100%-owned by the Korean government. It is a frequent issuer in the debt markets. According to one banker, it usually targets one dollar benchmark a year and also issues in various local...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222