By Christine Van Dusen
Atlanta, Sept. 27 - Korea Electric Power Corp. priced $700 million 3% notes due Oct. 5, 2015 (A1/A/) at 99.664 to yield Treasuries plus 180 basis points, a market source said.
Bank of America Merrill Lynch, Barclays Capital, Credit Suisse, Goldman Sachs and Morgan Stanley were the bookrunners for Rule 144A and Regulation S transaction, which was talked at Treasuries plus 180 bps.
The notes are part of the company's $3 billion global medium-term note program.
Proceeds will be used for general corporate purposes.
Kepco is a Seoul-based electric utility.
| Issuer: | Korea Electric Power Corp.
|
| Amount: | $700 million
|
| Maturity: | Oct. 5, 2015
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital, Credit Suisse, Goldman Sachs, Morgan Stanley
|
| Coupon: | 3%
|
| Price: | 99.664
|
| Spread: | Treasuries plus 180 bps
|
| Trade date: | Sept. 27
|
| Settlement date: | Oct. 5
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 180 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
