By Jennifer Chiou
New York, Oct. 19 - STX Pan Ocean Co., Ltd. priced 200 billion won of 4.9% three-year unsecured corporate bonds in Korea at par, according to a news release.
Interest is payable quarterly.
Proceeds will be used to secure cash for general management and facility investments.
Settlement is slated for Oct. 27.
STX is a Seoul, Korea-based marine transportation company.
| Issuer: | STX Pan Ocean Co., Ltd.
|
| Issue: | Unsecured corporate bonds
|
| Amount: | KRW 200 billion
|
| Maturity: | Three years
|
| Coupon: | 4.9%, payable quarterly
|
| Price: | Par
|
| Yield: | 4.9%
|
| Announcement date: | Oct. 19
|
| Settlement date: | Oct. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
