Published on 8/27/2013 in the Prospect News Emerging Markets Daily.
New Issue: Korea Western Power prices CHF 200 million 1 5/8% notes due 2019 at 72 bps spread
By Christine Van Dusen
Atlanta, Aug. 27 - Korea Western Power Co. Ltd. sold CHF 200 million 1 5/8% notes due March 26, 2019 (A1) at 99.866 to yield mid-swaps plus 72 basis points, a market source said.
Barclays and UBS were the bookrunners for the Rule 144A and Regulation S deal.
Korea Western engages in the production and supply of electricity and has headquarters in Seoul, South Korea.
| Issuer: | Korea Western Power Co. Ltd.
|
| Amount: | CHF 200 million
|
| Maturity: | March 26, 2019
|
| Description: | Notes
|
| Bookrunners: | Barclays, UBS
|
| Coupon: | 1 5/8%
|
| Price: | 99.866
|
| Spread: | Mid-swaps plus 72 bps
|
| Trade date: | Aug. 27
|
| Settlement date: | Sept. 26
|
| Rating: | Moody's: A1
|
| Distribution: | Rule 144A and Regulation S
|
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