By Aaron Hochman-Zimmerman
New York, July 14 - Korea Electric Power Corp. priced $500 million in five-year bonds (//A2) with a coupon of 5½% at a spread of Treasuries plus 355 basis points, according to a market source.
Goldman Sachs, HSBC, Merrill Lynch and RBS acted as bookrunners for the deal.
Kepco is a Seoul-based power provider.
Issuer: Korea Electric Power Corp.
Issue: Global bonds
| Amount: | $500 million
|
| Maturity: | 2014
|
| Coupon: | 5½%
|
| Spread: | Treasuries plus 355 bps
|
| Bookrunners: | Goldman Sachs, HSBC, Merrill Lynch, RBS
|
| Pricing date: | July 13
|
| Ratings: | Fitch: A2
|
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