Korea Western Power talks five-year notes at 95 bps area spread

By Aleesia Forni

Virginia Beach, Sept. 15 – Korea Western Power Co. Ltd. has set price talk for a planned five-year offering of dollar-denominated bonds in the Treasuries plus 95 basis points area, a market source said.

Barclays, BofA Merrill Lynch and Standard Chartered Bank are the bookrunners.

The company plans to use the proceeds for general corporate purposes, including capital expenditures, working capital and refinancing, according to a Moody’s Investors Service news release.

Korea Western engages in the production and supply of electricity and has headquarters in Seoul, South Korea.

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