Published on 9/11/2012 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Korea Hydro sells $750 million 3% 10-year notes at 150 bps spread
By Aleesia Forni
Columbus, Ohio, Sept. 11 - Korea Hydro & Nuclear Power Co. Ltd. priced a $750 million issue of 3% 10-year notes (A1) at a spread of 150 basis points over Treasuries, according to a syndicate source.
The notes priced at 98.401 to yield 3.188%
Bank of America, Deutsche Bank, Goldman Sachs and Citigroup were the joint bookrunners for the Rule 144A and Regulation S deal.
The operator of nuclear and hydroelectric plants is based in Seoul, South Korea.
| Issuer: | Korea Hydro & Nuclear Power Co. Ltd.
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 19, 2022
|
| Bookrunners: | Bank of America, Citigroup, Deutsche Bank, Goldman Sachs
|
| Coupon: | 3%
|
| Price: | 98.401
|
| Yield: | 3.188%
|
| Spread: | Treasuries plus 150 bps
|
| Trade date: | Sept. 11
|
| Settlement date: | Sept. 19
|
| Distribution: | Rule 144A and Regulation S
|
| Rating: | Moody's: A1
|
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