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Korea South-East Power talks $300 million senior notes at Treasuries plus 215 bps
By Paul A. Harris
Portland, Ore., July 11 - Korea South-East Power Ltd. talked a proposed $300 million maximum offering of 5.5-year senior notes (A1/A) at a 215 basis points spread to Treasuries on Monday, according to a market source.
Citigroup, Goldman Sachs and Morgan Stanley are the bookrunners for the Regulation S offering.
Proceeds will be used to purchase fuels and make capital investments.
The prospective issuer is a unit of Korea Electric Power Corp.
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