GS Caltex dips toes into Swiss franc bond market

PA-Swiss flag equities
By Addison Gong
06 Apr 2018

South Korea’s GS Caltex Corp sealed a Swiss franc denominated bond on Thursday, diversifying away from its usual Korean won and US dollar funding.

The energy firm raised Sfr100m ($104m) from a 0.633% bond that will mature on January 31, 2024. BNP Paribas and Credit Suisse were the bookrunners.

GS Caltex was established in 1967 as the country’s first private oil company, with core businesses including petroleum, petrochemical, base oil and lubricants. ...

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