Marketed to investors at a level of around 112bp over treasuries, the deal was shopped via two roadshow teams in London and Singapore and Hong Kong this week.
The unsubordinated, unsecured notes, rated A-A3, priced at 97.743% on a coupon of 5.875% to yield 6.181%, equating to a spread of 110bp over Treasuries.
This deal further enhances KTÆs already strong yield curve. In fact at 110bp, the new deal prices almost flat to its own existing July 2015 bond. That deal - a $400 million 10-year Reg S offering...
