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[THE INVESTOR] The Korea National Oil Corporation on Oct. 18 issued bonds worth US$1 billion.
They include 5-year bonds worth US$350 million with yield of 1.094 percent, and 10-year bonds valued at US$650 million at 2.575 percent.
According to finance industry officials, KNOC was able to issue the bonds with lower yields due to the recent upgrade of its S&P ratings from “AA-“ to “AA” in August.
By Choi He-suk (cheesuk@heraldcorp.com)
They include 5-year bonds worth US$350 million with yield of 1.094 percent, and 10-year bonds valued at US$650 million at 2.575 percent.
According to finance industry officials, KNOC was able to issue the bonds with lower yields due to the recent upgrade of its S&P ratings from “AA-“ to “AA” in August.
By Choi He-suk (cheesuk@heraldcorp.com)
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