KNOC to test bond appetite amid Korean tensions

10 Apr 2013

Korea National Oil Corp will hit the road next week to meet bond investors, providing a test case for South Korean issuers that have seen credit default swaps move wider amid increasing threats from the North.

The state-owned company is not officially planning a dollar bond, but given that it has already picked four banks — and is hitting the road with a subsidiary called Harvest Operations Corp — KNOC is widely expected to follow the meetings with a bond. But the company will be in ...

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