KNOC, Yuhuang Chemical tease investors with bonds

Korea National Oil Corp (KNOC) is selling a combination of floating and fixed rate bonds, with price thoughts for a five and a 10 year released at the same level. On the high yield side, China’s Shandong Yuhuang Chemical Co is marketing its debut three year notes.

  • By Addison Gong
  • 20 Mar 2017

On Monday morning local time, KNOC opened books for a triple-tranche offering featuring a three year floating rate portion and fixed rate tranches divided into a five and a 10 year.

Initial price guidance for the three year was set at the 80bp over three month Libor area, ...

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