KNOC seeks arrangers

KNOC sends out RFP for dollar benchmark

Submissions for KNOC's bond are due this week. Samsung Electronics, Hyundai Motors and Hyundai Capital are also eyeing dollar bonds.
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Korea National Oil Corp is the first in a wave of Korean issuers expected to tap the dollar market (AFP)</div>
<div style="text-align: left;"> Korea National Oil Corp is the first in a wave of Korean issuers expected to tap the dollar market (AFP)</div>

Asian dollar bond issuance this year has so far been dominated by Hong Kong issuers but Korean companies are expected to join the crowd soon, as borrowers look to lock in funding at low rates. Korea Development Bank and Export-Import Bank of Korea Kexim have both already tapped the market.

Quasi-sovereign oil company Korea National Oil Corp KNOC sent out requests for proposals on Monday for an upcoming dollar bond and submissions are due this week, according to a source. The company is said to be eyeing a $500 million to $1 billion deal and is expected to issue either a five- or 10-year bond. Current expectations are that it...

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