Korea East-West Power expected to launch $250 million bond deal late this month

By Paul A. Harris

St. Louis, Oct. 12 - Korea East-West Power Co. Ltd., a wholly owned subsidiary of state-owned power monopoly Korea Electric Power Corp., is expected to bring a $250 million offering of 10-year bonds later this month or early in November, according to a market source.

Barclay's Capital, Credit Suisse First Boston and Lehman Brothers will manage the deal.

Moody's Investors Service assigns its A2 issuer rating to Korea East-West Power. Standard & Poor's assigns its A- issuer rating to the company.

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