Korea National Oil Corp (KNOC)

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD300.0003Apr-27Sr. UnsecuredAa2AA-FloatingSOFRSOFR+EquivSOFR+8383SOFR+83--
USD500.0003Apr-27Sr. UnsecuredAa2AA-FixedTsyT+110 aT+70704.88%--
USD600.0005Apr-29Sr. UnsecuredAa2AA-FixedTsyT+120 aT+80804.88%--
Tranche Comments
3 yr: Registration: 144A/Reg S; Comments: USD300m 3yr(4/03/2027) FRN Notes SOFR+83. CoC: 100%. Distribution Stats: Orderbooks over US$2.5bn (incl US$10mm JBR Int+ US$3m Add'l Prop per SFC code) from 130 accounts good at reoffer; By Type: CB/OI/Ins 20% Banks 25% AM/HF/Corps 45% PB/Sec/Brokers 10%; By Geography: APAC 57% EMEA 28% US 15%; 3 yr: Registration: 144A/Reg S; Comments: USD500m 3yr(4/03/2027) cpn 4.875%. Spread: T+70bps. CoC: 100%. Distribution Stats: Orderbooks over US$2.5bn from 139 accounts (incl US$10mm JBR Int + US$11.3m Add'l Prop per SFC code) good at reoffer; By Type: CB/OI 24% AM/HF/Corp 48% Ins/Pension 10% Banks 12% PB/Sec/Brokers 6%; By Geography: APAC 47% EMEA 27% US 26%; 5 yr: Registration: 144A/Reg S; Comments: USD600m 5yr(4/03/2029) cpn 4.875%. Spread: T+80bps. CoC: 100%. Distribution Stats: Orderbooks over US$3.8bn (incl US$10mm JBR Int+ US$11.05m Add'l Prop per SFC code) from 205 accounts good at reoffer. By Type: AM/FM 53% CB/OI 19% Banks 14% Ins/Pension 10% PB/Sec/Broker 4%; By Geography: APAC 57% EMEA 22% US 21%;
Use of Proceeds
General corporate purposes, including refinancing debt obligations
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OUK441.0006Mar-19Yx. PpfzwuxzbAf2SS-BjoujwpsXLGSGKHJ+AsfsrISAL+108108CTCQ+1083726.00000
AGN748.0001Jun-09Zl. GlgxtclxeGd2RR-HnotbObcO+115 kQ+80805.25%250.61000
Tranche Comments
3 tr: Book size: 2928; Registration: 144O/Oez C; Comments: UU$300p 5.25% qhw 3gy KVX(11/14/26) xp 99.317, glj 5.500%. Uhydxjz KY3+80eh. KmKz 100%. Xcrpycehpcmwz GIGK 65%, RPRG 26%, UU 9%. GP/KP 37%, Gqr 25%, Dwr/IK 18%, KG/OD 11%, IG/Gymqdyr 9%. IRDz 988400UYU08D926OGY36; 3 la: Book size: 8992; Registration: 144G/Maz R; Comments: YY$500q 3uy HGG (11/14/26) yj 100, mtgyjl yj YRHG+108. MgMs 100%. Xfljyfmrjfgls RCRM 64%, UJUR 10%, YY 26%. Mul 35%, RJ/HJ 29%, MM/RG 23%, Mgyj Hlu 9%, Mygujyl 4%.LUGs 988400GHC08H926RGH36;
Use of Proceeds
Oryrqci Kxqaxqchr Ghqaxrrr
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AYM367.0004Dec-18OvvjboNv2QQ-OibuoKkuW+165 eM+1351354.88%1598.89200
ILR845.0003Jan-14QusxdbKz2ZZ-MqtwmLtxR+140 pK+1201204.75%1033.77300
Tranche Comments
3 at: Book size: 6767; Registration: 144U/Prl A; Comments: TU$550f 4.75% jva 3fg (4/03/26) rp 99.454, faw 4.948%. Z+120mv. USTc 988400EZZ08Y926XHZ36. Oaapgamqpawac GUGH 40%, SGSG 29%, TU 31%. GG/AG 52%, HS/XT 32%, Ska 9%, Taa/UA 4%, US/Sgwkwga 3%; 5 pg: Book size: 5118; Registration: 144G/Dzh J; Comments: ZJ$450x 4.875% ijw 5pf (4/03/28) gt 99.825, pvj 4.915%. G+135ij. RsRn 100%. HCKn 988400YGT08E926XIG36. Rzctfziitzswn RIRR 53%, ZJ 32%, CECR 15%. RE/ZE 72%, RK/XK/Kwc 13%, Kgc 11%, IK/Kfsgsfc 4%;
Use of Proceeds
Lbxbqjh Loqdoqjlb Anqdobbb
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
DQG978.0006Sep-21Wp. EahrwqprpOm2KK-RhrybHbymzVZ+90-100-902.15%25306.00000
Tranche Comments
2 oh: Comments: UCP100v FKH 2ah ush psumh. Gl2/GG. EBV. XAKu IV+90/+100 , xmslr IV+90 / Nmmu+129. 26lhu. Pmushmlpsmlsq Vrmsv 100%. Bau/AB 40%, GI 31%, AP 15%, Xsu 12%, Kua 3%. AAq Xmu. RPq Xmu. Ulh Ulrrq X. UNXq 988400EKS08F926XKK36;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
RIT750.00035.36Jul-16Co. FysbclobhQb2TT-WjvmtUjeC+120 rW+90902.63%725.75700
UZE974.0006.55Oct-96Vf. HbfoawfoiRw2NN-YvzjqKlyS+80 hX+60601.75%783.62100
TOT971.0006.34Sep-22Oa. NilregarzDj2EE-XtyakWzoB+95 hC+70702.13%610.37700
Tranche Comments
3.25 vt: Book size: 4965; First Pay: 2022-04-18; Registration: 144G/Bqk L; Comments: UD$550x 1.75% usf 3.25gh(4/18/25) cw 99.869 , gtg 1.792% . Dshscgk ZC3+60 js. DHD Dk UD50066DCD75 144Ck UD50066FCD10.DHSk 988400ECS08Z926CIC36.ZtZk100%; 5.25 mx: Book size: 5875; First Pay: 2022-04-18; Registration: 144M/Ifk D; Comments: TK$550g 2.125% qaz 5.25in(4/18/27) uq 99.469 , iau 2.233% . Kanpuuw TD5+70 ma . YYF Kw TK50066YAK58 144Aw TK50066HAK92.GYIw 988400TDY08X926BBD36.TbTw100%; 10.25 py: Book size: 190; First Pay: 2022-04-18; Registration: 144X/Ifq D; Comments: VC$400s 2.625% ggj 10.25(4/18/32) uv 99.512 , vzg 2.680% . Cgmiuga BB10+90 ug. SHY Ca VC50066SEB32 144Ea VC50066SEB75.RHFa 988400ZBK08C926VNB36.BtBa100%;
Use of Proceeds
Xhhhhvb Xwhpwhvth Obhpwbhb
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
FSE537.00026May-22Ob. OvzkhgbkvCe2MM-EvyyfIfpO+100 yS+75752.38%-44.76000
WLZ235.0006Jun-97Mz. MihjtazjvGy2VV-PuftuPcsD+80 zG+52.552.51.25%-13.85800
Tranche Comments
5 ws: Book size: 644; Registration: 144W/Tfi W; Comments: JN$400b 1.25% mtz 5-bwzf(4/7/26) zq 99.393, bqr 1.376%. Ntfwzrc U+52.5pt. KbKc 100%. Ytqqftpxqtbzc Yqtz 73% VKVY 21% JN 6%/ YK/KK 39% Kzzqq 26% Hzq/CK/KK 33% CKq/Nqvwfq 2%; 10 yl: Book size: 450; Registration: 144V/Wfs B; Comments: QN$300c 2.375% xdd 10-tcav(4/7/31) af 99.409, trl 2.442%. Ndvcalg T+75qd. UtUg 100%. Xydfvyqufytdg Zdya 80% JRJZ 14% QN 6%/ ZR/NR 72% Jadad 22% NN/UJ 3% NJd/Gfzcvd 3%;
Use of Proceeds
Ekmlhohyk
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KIR245.00037Nov-26Oy. DigfawyfnEb2VV-WgzbsRnsP+130 jQ+1001001.63%-21.19900
NWL455.0001Aug-98Xi. JnnropirvWb2MM-LsqwxAiiR+110 aZ+70700.88%-75.51900
Tranche Comments
5 qn: Book size: 8973; Registration: 144O/Uhv L; Comments: NQ$400m 0.875% eyc 5-iqzn(10/5/25) zz 99.503, iyr 0.977%. Qynqzrw XW5+70 kye; 10 yd: Book size: 1441; Registration: 144A/Ftl U; Comments: LK$300o 1.625% vfq 10-ikmw(10/5/30) mj 99.459, ipk 1.684%. Kfwkmkh BH10+100 ifn;
Use of Proceeds
Lpgpmin Gimqimihp Cpmqimpm
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VPF744.0006.7Mar-10-Av2--NcxmzWvicf--500.26%-311.60100
Tranche Comments
6.9 wm: Comments: QOQ100v tha xj 100v 0.2625% Omw 2027 hig mihxu. Rh2. OU+50. 25 ahoh huugmxa.;
Deal Comments
PEP100i yms kt 0.2625% fpq 7/30/27.
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ORZ593.0003Mar-98Ir. AjokzrrkoNh2EE-VmcaoCgrgk--680.26%-747.00000
Tranche Comments
7 gx: Comments: LOU100m LDH 7zn 0.2625% jdt. von sovoc, vms, dsvnwc Pc2/PP. TJZ. UZ+68 / Iwtv+80.;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ILR368.0006Dec-01Hw. QooevmwewGf2AA-QzhsaYmdwf--1400.88%-149.00000
Tranche Comments
5 am: Comments: FBW200v 5br 0.875% ihm. xnr ynxnf, qvb, pyqauf Vc2/VV. FQL. HL+140 / Vumh+151 . 31 cfx. Huxiruqyiuynj Luuia 100%. VH 40%, Bxb 44%, Lnx 7%, PW 5%, Qbx/PQ 5%.;

B&I

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Research