KoGas breaks new ground, sells 10yr sustainability notes

korea flag seoul px230
By Silas Brown
10 Jul 2019

Korea Gas Corp (KoGas) became the first South Korean corporate to sell 10 year sustainability bonds on Tuesday, raising $500m. The country’s issuers are leading the way across Asia in selling environmental, social and governance debt.

The bonds were issued through A2/AA-/AA- rated KoGas’ $11bn MTN programme.

Bookrunners Bank of America, BNP Paribas, Citi, HSBC and Korea Development Bank circulated initial guidance in the area of 120bp over US Treasuries on Tuesday morning, finding fair value from KoGas’ outstanding 2027 dollar bonds, which were ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial