Kumgang Korea Chemical prices tap

The Baa3/BBB rated group re-opened its $100 million 7.625% June 2008 deal yesterday (Tuesday) about five basis points through the offer level of its secondary market spreads. Led by JPMorgan, the company doubled the size of its outstanding deal, with a $100 million transaction re-opened at 106.544% to yield 195bp over five-year Treasuries, or 174bp over the interpolated Treasury curve.