Korea National Oil sets talk; Tower of Bersama, CAF, Hutchison announce deal plans

By Aleesia Forni

New York, April 5 – Korea National Oil announced new deal plans amid a weaker market backdrop on Tuesday.

The primary also hosted new deal announcements from Tower Bersama Infrastructure Tbk. and Corporacion Andina de Fomento (CAF).

And Hutchison Finance (16) Ltd. is eyeing an offering of euro bonds in two parts.

Korea National sets talk

Korea National Oil set price talk for a planned benchmark offering of senior notes (Aa2/AA-/AA-) in five- and 10-year tranches, according to a market source.

The sale includes five-year notes talked in the 115-basis-points area over Treasuries and a 10-year tranche talked in the 120-bps area over Treasuries.

Bookrunners are Citigroup, Credit Agricole CIB, Goldman Sachs, HSBC, JPMorgan and the Korea Development Bank.

The notes will be sold via Rule 144A and Regulation S.

Korea National Oil is an oil and gas production and exploration company based in Anyang, South Korea.

Hutchison euro

In other news out of Asia, China’s Hutchison Finance plans to sell a euro-denominated benchmark issue of seven- and 12-year fixed-rate bonds, according to a company news release.

There is a guarantee by CK Hutchison Holdings Ltd.

HSBC, BofA Merrill Lynch Barclays and Credit Agricole are the bookrunners.

The company is a Hong Kong-based business conglomerate.

Tower Bersama announces deal

TBG Global Pte. Ltd., a wholly owned subsidiary of Tower Bersama Infrastructure, plans to price $500 million of senior notes, according to a market source.

Proceeds will be used for general funding purposes.

Tower Bersama is a Jakarta-based telecommunications tower company.

CAF eyes bonds

Moving to Latin America, CAF is eyeing a possible sale of bonds later this year, a market source said.

No other details were available on Tuesday.

CAF is a lender based in Caracas, Venezuela.

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