Gas Gong, Raises $800 Million with the Lowest Ever Premium Rate for Public Enterprises

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Gas Corporation announced on the 12th that it has successfully issued global bonds (144A/RegS foreign currency bonds) worth 800 million dollars (approximately 920 billion KRW).

The bonds were issued in a dual-tranche structure consisting of 450 million dollars with a 5-year maturity and 350 million dollars with a 10-year maturity. The issuance interest rates were set at +0.375 percentage points and +0.65 percentage points above U.S. Treasury yields, respectively, marking the lowest spread ever recorded among domestic public enterprise issuances.

The company explained that the success of this global bond issuance was due to a combination of factors, including expanding contact points with overseas investors through a non-face-to-face online roadshow and actively promoting its image as an ESG (Environmental, Social, and Governance) company leading the hydrogen economy.