New bond issue: Korea Railroad Corporation issued international bonds for AUD 50.0m maturing in 2032 with a 4.11% coupon.

April 21, 2017 - Cbonds

 

Korea Railroad Corporation issued international bonds for AUD 50.0m maturing in 2032 with a 4.11% coupon. Bonds were sold at a price of 100% with an initial yield of 4.11%. Bookrunner: Nomura International
Depository: Euroclear Bank, Clearstream Banking S.A..
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Issuer, issue numberKorea Railroad Corporation, 4.11% 26apr2032, AUD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueAUD 500,000
Amount50,000,000
ISINXS1603464691
End of placement04/20/2017
Initial issue price100
Yield at pricing4.11
Coupon4.11%
Coupon frequency2 time(s) per year
Settlement date04/26/2017
Maturity date04/26/2032
Issue ManagersBookrunner: Nomura International Depository: Euroclear Bank, Clearstream Banking S.A. Paying agent: BNY Mellon (London branch) Arranger Legal Adviser (International law): Simpson Thacher & Bartlett
Trading floorSGX
Issuer: Korea Railroad Corporation
Issuer profile:
Korea Railroad Corporation provides railroad transportation services in Korea and Japan. It offers foreign and foreigner’s railroad travelling services; and travel information services for foreign tr... more
Outstanding issues:
1 issuesUSD200,000,000
2 issuesCHF615,000,000
2 issuesAUD105,000,000
Issuer rating:
Moody's Investors ServiceAa2/StableLT- foreign currency12/21/2015
Moody's Investors ServiceAa2/StableLT- local currency12/21/2015
S&P Global RatingsNR/Foreign Currency LT12/03/2015
S&P Global RatingsNR/Local Currency LT12/03/2015
Fitch RatingsAA-/StableLT Int. Scale (foreign curr.)10/21/2016