Kospo releases guidance for $300 million 144A deal
Korea Southern Power readies the first international bond in several months, while other Korean borrowers busy themselves in the Japanese and Swiss markets.
Korea Southern Power Kospo has released guidance for its $300 million five-year Reg-S144A deal that is due to price tomorrow evening. Leads ABN AMRO, Deutsche Bank and Citi have set a level of 220bp over mid-swaps, or 300bp over five-year Treasuries.
Kospo is casting a wider net than its predecessor Korea Midland Power Komipo, when it priced a $300 million Reg-S only deal in February. Observers said at the time that the participation of US investors would...
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