By Angela McDaniels
Tacoma, Wash., Feb. 17 - Samsung C&T Corp. priced KRW 300 billion of unsecured corporate bonds in two tranches, according to a company news release.
One tranche totals KRW 100 billion, carries a 6.79% coupon and has a tenor of three years.
The other tranche totals KRW 200 billion, has an annual interest rate of 7.09% and matures in four years.
SK Securities Co. Ltd. is the lead arranger.
The company announced plans for the bonds on Feb. 9. The settlement date was Tuesday.
Samsung C&T, formerly Samsung Corp., is a construction and trading company based in Seoul, South Korea.
| Issuer: | Samsung C&T Corp.
|
| Issue: | Unsecured corporate bonds
|
| Total amount: | KRW 300 billion
|
| Agent: | SK Securities Co. Ltd.
|
| Announcement date: | Feb. 9
|
| Settlement date: | Feb. 17
|
|
|
| First tranche
|
| Amount: | KRW 100 billion
|
| Maturity: | Feb. 17, 2012
|
| Coupon: | 6.79%
|
|
|
| Second tranche
|
| Amount: | KRW 200 billion
|
| Maturity: | Feb. 17, 2013
|
| Coupon: | 7.09%
|
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