Korea Electric Power talks €250 million five-year bonds at mid-swaps plus 35 bps area

By Reshmi Basu

New York, July 18 - Korea Electric Power Corp. set price guidance for a €250 million offering of five-year fixed-rate bonds (A2/A-) in the area of mid-swaps plus 35 basis points, according to a market source.

Pricing is expected to take place later this week.

ABN Amro, Barclays Capital and HSBC are managing the Regulation S transaction.

The company, based in Seoul, is the country's only power distributor. The Korean government owns 54% of the company.

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