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Commentary & Deal Flow

LAUNCHED: Korea Expressway Corp US$600m 5yr Sr Unsec; T+37bp

IGC APAC Market: Deal Flow - SSAIGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Guidance

Spread Set

Korea Expressway Corporation

5yr

06-May-31

US$600m

Sr Unsec

Fixed

T+75a

T+37

T+37



Launched: 5yr: US$600m @ T+37bp
Guidance: 5yr: T+37bp
Book Update: Orderbook over US$2.5bn (incl. US$50m JBR int.)
IPTs: 5yr: T+75a

  • Issuer: Korea Expressway Corporation
  • Issuer Ratings: Aa2/AA (Moody's/S&P)
  • Expected Issue Ratings: Aa2/AA (Moody's/S&P)
  • Format: 144A/Reg S
  • Status: Senior Unsecured
  • Size: US$600m
  • Settlement Date: 06-May-26
  • Tenor: 5-year
  • Listing: SGX
  • Denominations: US$200k/1k
  • Governing Law: New York Law
  • Use of Proceeds: General Corporate Purposes
  • Joint Bookrunners: BNP Paribas, Citigroup, HSBC(B&D), J.P. Morgan
  • Expected Timing: Allocations and pricing shortly