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SEOUL - The Republic of Korea has finalized a €1.4 billion dual-tranche bond offering without requiring stabilization measures, according to a post-stabilization announcement released Friday.
The offering consisted of two tranches: a €700 million 3-year senior unsecured fixed-rate note priced at 99.842% and a €700 million 7-year senior unsecured fixed-rate note priced at 99.794%.
J.P. Morgan Securities plc served as the stabilization coordinator, while Goldman Sachs, HSBC, and Credit Agricole (OTC:CRARY) acted as stabilization managers. According to the announcement, no stabilization actions were needed during the offering period.
The bonds will be listed on multiple exchanges including the Singapore Exchange (OTC:SPXCY) (SGX-ST), the London Stock Exchange (LON:LSEG)’s International Securities Market (LSE ISM), and the Euro MTF of the Luxembourg Stock Exchange.
The securities were registered with the U.S. Securities and Exchange Commission, making them available to U.S. investors in accordance with applicable regulations.
This bond issuance represents South Korea’s latest activity in international debt markets as the country continues to manage its sovereign debt portfolio.
The information was disclosed in a regulatory announcement to the London Stock Exchange on Friday, based on a press release statement from J.P. Morgan Securities plc.
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