KT corp readies fourth US dollar bond

Korean telecoms operator kicks off roadshows for a new 10-year Reg S offering.
April 24, 2006
Merrill Lynch and UBS kicked off roadshows today for KT CorpÆs new 10-year Reg S offering. Split into two teams, the deal was shopped to prospective investors in London and Singapore yesterday April 24, before moving to Hong Kong for two meetings on Tuesday and Thursday. Pricing is expected on Thursday.

The unsubordinated, unsecured notes are rated A-A3. Size is expected to be in the $200 million area, although it has yet to be finalised.

This will be KT CorpÆs fourth foray in the US dollar space since the crisis. Last July it priced a $400 million 10-year Reg S 144A deal via Goldman Sachs, JPMorgan, Merrill Lynch and UBS. That...
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