Chicago, July 27 – Korea Electric Power Corp. issued $500 million 1 1/8% senior notes due 2025 (Aa2), according to a pricing supplement.
Joint bookrunners and joint lead managers for the Rule 144A and Regulation S notes were Citigroup Global Markets Inc., HSBC Ltd. and J.P. Morgan Securities plc.
Kepco plans to use all or part of the proceeds to fund or refinance existing and future eligible green projects, which include the development of renewable power sources, improving power supply stability, developing clean transportation and increasing energy efficiency.
Kepco is a Seoul-based power provider.
| Issuer: | Korea Electric Power Corp.
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| Issue: | Green notes
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| Amount: | $500 million
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| Maturity: | June 15, 2025
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| Bookrunners: | Citigroup Global Markets Inc., HSBC Ltd. and J.P. Morgan Securities plc
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| Coupon: | 1 1/8%
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| Price: | 99.695
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| Pricing date: | June 8
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| Issue date: | June 15
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| Rating: | Moody’s: A2
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| Distribution: | Rule 144A and Regulation S
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