kogas sells us200 mln in bonds in japan
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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KOGAS sells US$200 mln in bonds in Japan

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Arab Today, arab today KOGAS sells US$200 mln in bonds in Japan

Seoul - Yonhap
South Korea's state-run Korea Gas Corp. (KOGAS) said Friday that it has raised US$200 million by selling dollar-denominated bonds in Japan in a bid to finance its development projects. KOGAS did not give specifics on the sale of so-called Shogun bonds, including the pricing. Shogun bonds refer to debt issued in Japan by a non-Japanese firm and denominated in a currency other than the Japanese yen. The proceeds from the sale of the debt will be used to finance its overseas resource development projects, said KOGAS. The state-run utility firm also raised $370 million by selling Japanese-currency denominated Samurai bonds in July.  
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