South Korean telco SK Telecom issued its A$300m notes yesterday, with plans to list them on the bond market on 21 January.
As TelecomFinance reported on Tuesday, Standard & Poor’s had given the notes an ‘A-’ rating but the telco did not make a…
South Korean telco SK Telecom issued its A$300m notes yesterday, with plans to list them on the bond market on 21 January.
As TelecomFinance reported on Tuesday, Standard & Poor’s had given the notes an ‘A-’ rating but the telco did not make a formal announcement regarding the bond issue until today.
In a statement to the Singapore stock exchange, SK Telecom said that the Australia-denominated notes have a 4.75% interest rate and mature in 2017.
The bonds will be issued in denominations of A$2,000 (US$21,000) and will be traded in minimum lots of A$200,000 (US$210,000), added the statement.
BNP Paribas is the lead manager and bookrunner on the transaction.
The new bond issue was drawn from the US$3bn global medium-term notes programme SK Telecom announced in October.
As TelecomFinance previously reported, SK Telecom’s US$3bn notes programme was the second programme it had registered in weeks, as the company is looking to reduce its high levels of debt.
