(LEAD) KNOC issues US$270 mln via debt sales

(ATTN: CORRECTS "debt sale" to "debt" at para 2)
By Nam Kwang-sik
SEOUL, 2009 May 27 (Yonhap) -- The state-owned Korea National Oil Corp. (KNOC)
said Wednesday that it has raised US$270 million for overseas oil exploration by
selling floating rate notes (FRNs).

The three-year debt carries an interest rate of 3.4 percent over the three-month
London Interbank Offered Rate (LIBOR), the KNOC said.
The deal was co-arranged by eight commercial banks including DBS, WestLB, Calyon,
Chinatrust and Mega.
Last February, the KNOC issued FRNs worth $470 million to pay for the purchase of
the Petro-Tech Peruana S.A, a U.S.-owned Peruvian energy company.
ksnam@yna.co.kr
(END)

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