KoRes steers through challenges for $500m bond

korea bibimbap px230
By Morgan Davis
11 Apr 2018

Korea Resources Corp (KoRes) navigated a number of hurdles to complete its $500m bond on Tuesday to imminently refinance maturing notes. The company found plenty of support for its annual issuance, but only after it offered a juicy premium to investors.

KoRes’s transaction proved tricky from the start. On March 30, South Korea’s ministry of strategy and finance announced that the government would be consolidating KoRes with Mine Reclamation Corp, creating a new firm that will be wholly owned by the government. The consolidation plans will be approved by ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial