| 13.02.2012 - Cbonds
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New bond issue: Korea National Oil Corporation sells CHF 300m in 2017 bonds with 1.875% coupon |
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Korea National Oil Corporation (Korea) on February 9, 2012 placed CHF 300m in bonds with a 1.875% coupon, maturing in 2017. The bond was priced at 100.58% to yield 1.753%. Barclays Capital, Credit Suisse, UBS arranged the deal.
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Issuer, issue number:
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Korea National Oil Corporation, 2017, CHF
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| Type of debt instrument: | Eurobonds |
| Issue status: | outstanding |
| Type of placement: | public |
| Par, currency of issue: |
CHF, 5000 |
| Amount: | 300 000 000 |
| ISIN: | CH0149710771 |
| End of placement: | Feb 09 2012 |
| Issue price: | 100.58 |
| Yield at Pricing: | 1.7528% |
| Coupon: | 1.875% |
| Coupon frequency: | 1 time(s) per year |
| Settlement Date: | Mar 08 2012 |
| Maturity date: | Mar 08 2017 |
| Issue Managers: | Barclays Capital, Credit Suisse, UBS |
| Trading floor: |
SIX |
Issuer profile:
KNOC was established in 1979 after the two oil shocks of the 1970s to ensure the uninterrupted supply of petroleum resources. It is engaged in a broad range of activities, from exploration and development to storage of petroleum resources.
After more than around 20 years of unwavering effort, KNOC succeeded in developing the Donghae-1 gas field on the nation's continental shelf, making Korea the world's 95th oil-producing nation. KNOC made itself known worldwide by successfully engaging in production after developing the 15-1 and 11-2 blocks in Vietnam with its own capital and proprietary technologies.
KNOC is now moving to substantially raise the country's self-sufficiency rate in oil and gas by focusing its core competencies on the implementation and realization of its new strategic task, ‘the expansion of KNOC’. Ultimately, this will further improve energy security and ensure continued development of the national economy.
KNOC operates nine petroleum stockpile bases around the nation, including the world's largest, the Yeosu and Geoje Petroleum Stockpile Bases. The company plans to have a storage capacity of 146 million barrels by 2009, enabling it to respond effectively to significant shifts in petroleum supply and demand.
Outstanding issues:
4 issue(s) outstanding worth USD 3 700 000 000
3 issue(s) outstanding worth HKD 1 807 000 000
1 issue(s) outstanding worth SGD 100 000 000
2 issue(s) outstanding worth CHF 625 000 000
1 issue(s) outstanding worth EUR 100 000 000
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