ID :
23527
Thu, 10/09/2008 - 17:29
Auther :
Shortlink :
http://m.oananews.org//node/23527
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S. Korea's water service raises 15 bln yen in Japan
SEOUL, Oct. 9 (Yonhap) -- South Korea's state-run water service said Thursday it has issued 15 billion yen (US$149.3 million) worth of bonds to help fund the construction of water supply facilities.
The yen-denominated bonds, which were sold to a single Japanese insurer, carry an
annual interest of 3.42 percent and will expire in 10 years, Korea Water
Resources Corp. said in a statement. It did not disclose the name of the buyer.
The agency said it is the first South Korean company to succeed in floating
foreign currency-denominated bonds since U.S. investment banking giant Lehman
Brothers collapsed in mid-September.
The bonds will be listed on the Singapore Exchange, it said.
The yen-denominated bonds, which were sold to a single Japanese insurer, carry an
annual interest of 3.42 percent and will expire in 10 years, Korea Water
Resources Corp. said in a statement. It did not disclose the name of the buyer.
The agency said it is the first South Korean company to succeed in floating
foreign currency-denominated bonds since U.S. investment banking giant Lehman
Brothers collapsed in mid-September.
The bonds will be listed on the Singapore Exchange, it said.
