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Tewoo successfully places USD PNC3 issue

09 Mar 2018
USD450m, coupon 5.80%, perpetual (callable from 15 March 2021). Reoffer 100.00, yield 5.80%. Senior notes. Issuer Tewoo Group No 5 Limited. Guarantor Tewoo Group Co., Ltd. Guarantor rating BBB (Fitch). Expected issue rating BBB- (Fitch). RegS. Settle 15 March 2018. Distribution rate

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