New Issue: Korea Hydro sells $300 million 2 3/8% notes due 2019 at 100 bps spread

By Christine Van Dusen

Atlanta, Oct. 22 – Korea Hydro & Nuclear Power Co. Ltd. printed a $300 million issue of 2 3/8% five-year notes (Aa3/A+/) on Tuesday at 99.752 to yield Treasuries plus 100 basis points, a market source said.

BofA Merrill Lynch, Deutsche Bank, HSBC, JPMorgan and RBS Securities were the bookrunners for the Rule 144A and Regulation S deal.

Korea Hydro is a Seoul, South Korea-based subsidiary of Korea Electric Power Corp.

Issuer:	Korea Hydro & Nuclear Power Co. Ltd.
Amount:	$300 million
Maturity:	Oct. 28, 2019
Description:	Senior notes
Bookrunners:	BofA Merrill Lynch, Deutsche Bank, HSBC, JPMorgan, RBS Securities
Coupon:	2 3/8%
Price:	99.752
Spread:	Treasuries plus 100 bps
Trade date:	Oct. 21
Settlement date:	Oct. 28
Expected ratings:	Moody’s: Aa3
	Standard & Poor’s: A+
Distribution:	Rule 144A and Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.