Samsung C&T Corp SAMS Result of Corporate Bond Issuance

  Samsung C&T Corp (SAMS) - Result of Corporate Bond Issuance

RNS Number : 8743R
Samsung C&T Corporation
23 November 2012


                      Result of Corporate Bond Issuance



Payment for  the corporate  bonds, the  plan  for the  issuance of  which  was 
announced on November 12, 2012, has  been completed on November 22, 2012,  and 
as a

result, the issuance has been completed.



Outline of Issuance

1. Overview of Company

Listing      Business scale   Classification of business
                              Wholesale
Stock market Large enterprise
                              & Commodity brokerage



2. Terms and Conditions (Unit : KRW)

Total Issuing Amount : 400,000,000,000



Tranche : 100-1 (Unit : KRW)

Classification Type of bond  Issuing amount  Maturity date
Non-guaranteed Straight bond 200,000,000,000 2015/11/22

Credit rating agency    Credit rating
Korea Investors Service AA-
Korea Ratings           AA-



Tranche : 100-2 (Unit : KRW)

Classification Type of bond  Issuing amount  Maturity date
Non-guaranteed Straight bond 200,000,000,000 2017/11/22

Credit rating agency    Credit rating
Korea Investors Service AA-
Korea Ratings           AA-



Underwriter





Tranche : 100-1       (Unit : KRW)                          
Underwriter                  Underwriting amount Portion(%)
Woori Investment &
                             60,000,000,000      30.0
Securities Co., Ltd.
Shinhan Investment Corp.     30,000,000,000      15.0
Hana Daetoo Securities
                             30,000,000,000      15.0
Co., Ltd.
KB Investment & Securities
                             30,000,000,000      15.0
Co., Ltd.
Samsung Securities Co., Ltd. 40,000,000,000      20.0
KBD Daewoo Securities
                             10,000,000,000      5.0
Co., Ltd.
Total                        200,000,000,000     100.0



Tranche : 100-2       (Unit : KRW)                          
Underwriter                  Underwriting amount Portion(%)
Woori Investment &
                             60,000,000,000      30.0
Securities Co., Ltd.
Shinhan Investment Corp.     30,000,000,000      15.0
Hana Daetoo Securities
                             30,000,000,000      15.0
Co., Ltd.
KB Investment & Securities
                             30,000,000,000      15.0
Co., Ltd.
Samsung Securities Co., Ltd. 40,000,000,000      20.0
KBD Daewoo Securities
                             10,000,000,000      5.0
Co., Ltd.
Total                        200,000,000,000     100.0



Expense of raising funds

Tranche: 100-1, 100-2 (Unit : KRW)

Estimated principal amount by   Actual principal amount
Registration Statement          Offering amount Sales  Issuing amount  Remarks
                                                amount
400,000,000,000                 400,000,000,000 -      400,000,000,000 -

Facility funds Working funds   Refinancing funds Others Total
-              400,000,000,000 -                 -      400,000,000,000

※ Bond issuing expenses will be financed by internal financing.









Details in Use of Proceeds

Purpose       Notes
              Repay KRW 109.6 billion of loan to Korea Eximbank on 30 November
              2012
              Repay USD 70 million of term loan on 3 December 2012
Working funds Repay KRW 80 billion of commercial paper with remaining maturity
              of less than one month
              KRW 134.6 billion will be used for payments of B2B-related notes
              payable

- Remaining maturity list of CP

      Issuing
Type            Amount Interest     Rating/Agency      Maturity  Redemption
        date
 CP  2012.11.05  600    2.90%   A1 / KIS, KOREA, NICE 2012.11.22     O
     2012.11.06  200    2.90%   A1 / KIS, KOREA, NICE 2012.11.22     O



- B2B-related notes payable

Maturity                Amount (KRW 100mm) Remarks
2012-11-23 ~ 2013-01-18 1,346              Seah Steel Corp etc.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCEAPFDADPAFEF -0- Nov/23/2012 09:11 GMT