New Issue: Korea East-West Power sells $500 million 2˝% notes due 2020 at 98.888

By Christine Van Dusen

Atlanta, Nov. 25 – Korea East-West Power Co. Ltd. printed a $500 million issue of 2˝% notes due June 2, 2020 (expected ratings: Aa3/A+/AA-) at 98.888 on Monday, a market source said.

Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup, Credit Suisse, HSBC and UBS were the bookrunners for the Rule 144A and Regulation S deal.

The Seoul-based issuer is a wholly owned unit of state-owned Korea Electric Power Corp.

Issuer:	Korea East-West Power Co. Ltd.
Amount:	$500 million
Maturity:	June 2, 2020
Description:	Notes
Bookrunners:	Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup, Credit Suisse, HSBC, UBS
Coupon:	2˝%
Price:	98.888
Trade date:	Nov. 24
Settlement date:	Dec. 2
Expected ratings:	Moody’s: Aa3
	Standard & Poor’s: A+
	Fitch: AA-
Distribution:	Rule 144A and Regulation S

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