New Issue: Korea South East Power sells $300 million 10-year bonds at mid-swaps plus 47 bps

By Reshmi Basu

New York, May 18 - Korea South East Power Co. Ltd. sold a $300 million issue of 10-year bonds (A2/A-/A-) at a reoffer price of 99.208 to yield mid-swaps plus 47 basis points, according to a market source.

Barclays Capital, Citigroup and Credit Suisse were the lead managers for the Rule 144A and Regulation S sale.

Korea South East Power is a unit of Korea Electric Power Corp.

Issuer:	Korea South-East Power Co., Ltd.
Amount:	$300 million
Issue:	Bonds
Maturity:	May 25, 2016
Coupon:	6%
Reoffer price:	99.208
Spread:	Mid-swaps plus 47 basis points
Pricing date:	May 18
Settlement date:	May 25
Lead managers:	Barclays Capital, Citigroup, Credit Suisse
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-

© 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.