KNOC bond

KNOC seizes opportunity to price $1 billion bond

KNOC pushes ahead with a global bond as borrowers remain at the mercy of the European debt crisis.

<div style="text-align: left;"> A family skips in front of propane tanks on KNOC's homepage </div>

Denise Wee

October 20, 2011

Korea National Oil Corp (KNOC) priced a $1 billion five-year senior bond early this morning, capturing what could well prove to be a brief window in the market. Barclays Capital, Bank of America Merrill Lynch, HSBC, KDB and Royal Bank of Scotland were joint bookrunners.

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