InfoAnda - S.Korea Suhyup Bank to sell $300 mln bonds in mid-July

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korea Suhyup Bank to sell $300 mln bonds in mid-July Reuters - Friday, July 3 * Suhyup plans to price $300 mln dlr bond on July 14 ADVERTISEMENT * Amount can be raised, depending on market conditions SEOUL, July 3 - South Korea's Suhyup Bank, a specialist lender for the fishing industry, is planning to price $300 million of five-year global bonds on July 14, an official overseeing the sale told Reuters on Friday. "If market conditions are favourable, the amount can be raised," Kim Tae-kyeong, an official in the bank's global financial team, said in a telephone interview. He expects the issuance to be sold at above 300 basis points over LIBOR, adding that the proceeds will be used for operational expenses. BNP Paribas <BNPP.PA>, Standard Chartered <STAN.L> <2888.HK>, UBS <UBSN.VX> and Samsung Securities <016360.KS> are handling the sale. The planned issue may precede a string of other South Korean offerings due this month, in accordance with the government guidance for banks to replace short-term foreign debt with new longer-dated issues. With the improvement in risk appetite in global financial markets, South Korea was an active offshore bond seller this year. The Export-Import Bank of Korea is planning an undisclosed amount of global bond sales this month. Korea Electric Power Corp <015760.KS> is planning to sell $500 million of five-year dollar bonds in mid-July, and state-run Korea Gas Corp <036460.KS> is working for a benchmark-sized dollar bond offering. (Reporting by Shin Jieun and Kim Yeon-hee; Editing by Ken Wills) Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Indian shares seen up, data eyed ahead of budgetReuters - Thursday, July 2 JGB futures trim losses after 10-year auctionReuters - Thursday, July 2 Indian rupee drops on dollar's gains, choppy sharesReuters - Friday, July 3 CORRECTED - CORRECTED-UPDATE 2-China crude oil stock at record in May, gainsReuters - Thursday, July 2 Pakistani c.bank sells 38.7 bln rupees of T-billsReuters - Thursday, July 2 Most Popular – Business Viewed King of Pop set for LA memorial service Schwarzenegger declares emergency in California The daily grind: Sex for a week boosts sperm quality Questions mount over Jackson animal kingdom Hundreds say final farewell to Farrah Fawcett View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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