By Christine Van Dusen
Atlanta, Sept. 25 - Korea's Doosan Infracore Co. Ltd. priced a $500 million issue of 3¼% notes due Oct. 5, 2042 (//A-) at 99.643 to yield 3.328%, or Treasuries plus 265 basis points, a market source said.
The notes, which are non-callable for five years, were talked at the Treasuries plus 270 basis points area.
Citigroup, JPMorgan and Korea Development Bank were the bookrunners for the Regulation S-only deal.
Doosan Infracore is a Seoul, South Korea-based business conglomerate.
| Issuer: | Doosan Infracore Co. Ltd.
|
| Amount: | $500 million
|
| Maturity: | Oct. 5, 2042
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, JPMorgan, Korea Development Bank
|
| Coupon: | 3¼%
|
| Price: | 99.643
|
| Yield: | 3.328%
|
| Spread: | Treasuries plus 265 bps
|
| Call features: | Non-callable for five years
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 5
|
| Rating: | Fitch: A-
|
| Distribution: | Regulation S only
|
| Price talk: | Treasuries plus 270 bps area
|
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