knoc issues us1 bln bonds
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

KNOC issues US$1 bln bonds

Arab Today, arab today

Arab Today, arab today KNOC issues US$1 bln bonds

Seoul - Yonhap

South Korea's state-run Korea National Oil Corp. (KNOC) said Thursday that it has raised US$1 billion by selling bonds overseas to finance its overseas oil development projects. KNOC said the five-year bonds were sold at a yield of 4.137 percent, or some 3.1 percentage points over similar U.S. Treasuries.

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