Published on 4/27/2021 in the Prospect News Emerging Markets Daily.
New Issue: Korea Hydro prices $500 million 1¼% notes due 2026
By Rebecca Melvin
Concord, N.H., April 27 – Korea Hydro & Nuclear Power Co. priced $500 million of 1¼% notes due April 27, 2026 (Aa2/AA), according to a listing notice.
Citigroup Global Markets Inc., Credit Agricole CIB, HSBC, J.P. Morgan Securities plc, Merrill Lynch International and UBS AG Hong Kong Branch were the bookrunners of the Rule 144A and Regulation S deal.
Korea Hydro is a Seoul, South Korea-based subsidiary of Korea Electric Power Corp. (Kepco).
| Issuer: | Korea Hydro & Nuclear Power Co.
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| Amount: | $500 million
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| Maturity: | April 27, 2026
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| Description: | Notes
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| Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, HSBC, J.P. Morgan Securities plc, Merrill Lynch International and UBS AG Hong Kong Branch
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| Coupon: | 1¼%
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| Issue date: | April 27
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| Ratings: | Moody’s: Aa2
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| S&P: AA
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| Distribution: | Rule 144A and Regulation S
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