By Mary-Katherine Stinson
Lexington, Ky., May 26 – Kodit Global 2023-1 Co. Ltd., a special purpose company owned by Korea Credit Guarantee Fund, or Kodit, priced $300 million 4.954% guaranteed senior social bonds due May 25, 2026, according to an offering document.
The notes priced at par.
The parent will guarantee the bonds.
BNP Paribas was the sole bookrunner and manager.
They have been recognized under the Singapore Exchange’s sustainable fixed income initiative.
Proceeds will be used for eligible social projects.
The financial services provider is based in Daegu, Korea.
| Issuer: | Kodit Global 2023-1 Co. Ltd.
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| Guarantor: | Korea Credit Guarantee Fund
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| Amount: | $300 million
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| Issue: | Social bonds
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| Maturity: | May 25, 2026
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| Bookrunners: | BNP Paribas
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| Trustee: | Citicorp International Ltd. as fiscal agent
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| Counsel to issuer: | Kim & Chang
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| Counsel to underwriters: | Linklaters LLP
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| Coupon: | 4.954%
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| Price: | Par
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| Yield: | 4.954%
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| Settlement date: | May 25
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| Ratings: | Moody’s: Aa2
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| S&P: AA
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| Distribution: | Regulation S
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| ISIN: | XS2618701002
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