South Korean telco SK Telecom has priced its 5.5-year unsecured bonds at US$700m, to be drawn from the US$3bn global medium-term notes programme it announced earlier this month.
The newly-priced notes, which mature on 1 May 2018, carry a coupon of…
South Korean telco SK Telecom has priced its 5.5-year unsecured bonds at US$700m, to be drawn from the US$3bn global medium-term notes programme it announced earlier this month.
The newly-priced notes, which mature on 1 May 2018, carry a coupon of 2.125% and a reoffer yield of 2.237%. Bank of America Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank, HSBC and UBS are lead managers on the transaction, according to media reports.
Moody’s assigned an A3 rating and Standard & Poor’s gave an A- rating to the bonds yesterday.
SK Telecom’s US$3bn notes programme was the second programme it registered in weeks, as the company is looking to reduce its high levels of debt.
