KNOC fires up first dollar bond of 2021

AdobeStock_oil_money_575x375_17Feb2021
By Morgan Davis
30 Mar 2021

Korea National Oil Corp’s (KNOC) quasi-sovereign credentials helped drive demand for its $700m bond on Monday, its first international debt transaction of the year.

The senior deal was split between a $400m five year bond and a $300m 10 year note.

The deal looked similar to KNOC’s September 2020 trade, its last dollar outing, which was split between a $400m 0.875% five year bond and a $300m 1.625% decade note, according to ...

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