Korea Gas Corp makes its first Swiss issue after KDB leads way

09 Sep 2010

Korea Gas Corporation launched its Swiss franc debut this week. The Sfr200m deal followed a recent Swiss franc transaction from the Korean Development Bank.

The A1/A/- rated borrower visited accounts in Zurich, Bern and Geneva before launching the transaction.

Sole lead UBS began sounding investors on Wednesday, September 8 at around 110bp over mid-swaps. Books opened the following day for a Sfr200m transaction. The deal was priced within guidance, at 108bp over. ...

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