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Korea's KHNP picks bookrunners for dollar-denominated note offering
By Christine Van Dusen
Atlanta, Sept. 2 - Korea Hydro & Nuclear Power Co. has mandated Bank of America Merrill Lynch, Citigroup, Deutsche Bank, HSBC Holdings, Samsung Securities and UBS AG for an offering of dollar-denominated notes (A1/A/), a market source said Thursday.
The notes will be drawn down from the company's $2 billion global medium-term note program, according to Standard & Poor's.
A roadshow will be held from Sept. 6 to Sept. 8 in Hong Kong, Singapore, Los Angeles, London and New York.
Proceeds will be used for general corporate purposes and to fund a three-month bridge loan.
KHNP is a unit of Korea Electric Power Corp., a Seoul-based electric utility.
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