Commentary & Deal Flow

Korea Expressway Corporation (“KEC”) (country: KR), rated Aa2/AA (Moody's/S&P), has mandated BNP Paribas, Citigroup, HSBC and J.P. Morgan to arrange a series of fixed income investor meetings in Hong Kong and New York commencing on 20-Apr-26.

A US$-denominated Rule 144A/Reg S senior unsecured bond offering with expected tenor(s) of 3-year FXD/FRN and/or 5-year FXD may follow, subject to market conditions.

FCA / ICMA stabilization applies.