Korea East-West Power to launch $200 million-plus bonds

By Reshmi Basu

New York, March 17 - Korea East West Power Co. is planning to bring a $200 to $250 million notes deal, according to a market source.

Pricing is expected in April.

The proceeds will be used towards building more power plants and refinancing the company's debt.

Tenor and structure could not be obtained.

Credit Suisse First Boston and Barclays Capital are the bookrunners for the issue. A syndicate source declined to confirm the information.

Korea East West Power Co. is a Seoul-based power utility company.

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