The Korea Herald


KNOC issues US$1b bonds

By 최희석

Published : Oct. 19, 2016 - 11:35

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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 (