New Issue: Korea Southern Power prices $300 million 1 7/8% notes due 2018 at 115 bps spread

By Christine Van Dusen

Atlanta, Jan. 28 - Korea Southern Power Co. Ltd. priced a $300 million issue of 1 7/8% notes due Feb. 5, 2018 (A1/A+/A+) at 99.229 to yield Treasuries plus 115 basis points, a market source said.

Barclays, Citigroup, Deutsche Bank and RBS were the bookrunners for the Regulation S deal.

Korea Southern Power is part of Korea Electric Power Corp., the largest electric utility in South Korea.

Issuer:	Korea Southern Power Co. Ltd.
Amount:	$300 million
Maturity:	Feb. 5, 2018
Description:	Notes
Bookrunners:	Barclays, Citigroup, Deutsche Bank, RBS
Coupon:	1 7/8%
Price:	99.229
Spread:	Treasuries plus 115 bps
Trade date:	Jan. 28
Settlement date:	Feb. 5
Ratings:	Moody's: A1
	Standard & Poor's: A+
	Fitch: A+
Distribution:	Regulation S

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