Gas Gong, Raises $800 Million with the Lowest Ever Premium Rate for Public Enterprises
[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Gas Corporation announced on the 12th that it has successfully issued global bonds (144A/RegS foreign currency bonds) worth 800 million dollars (approximately 920 billion KRW).
The bonds were issued in a dual-tranche structure consisting of 450 million dollars with a 5-year maturity and 350 million dollars with a 10-year maturity. The issuance interest rates were set at +0.375 percentage points and +0.65 percentage points above U.S. Treasury yields, respectively, marking the lowest spread ever recorded among domestic public enterprise issuances.
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The company explained that the success of this global bond issuance was due to a combination of factors, including expanding contact points with overseas investors through a non-face-to-face online roadshow and actively promoting its image as an ESG (Environmental, Social, and Governance) company leading the hydrogen economy.
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