KHNP launches $500 million 10-year bond

Korea Hydro & Nuclear Power re-opens the Asian credit market after a barren few weeks with a tightly priced 10-year deal, while other borrowers are set to follow.

KHNP launches $500 million 10-year bond
KHNP's vision of clean, friendly nuclear power

After a few weeks wilting in the desert, Asia-based debt capital market bankers have suddenly been invigorated. Several new dollar deals have gone live, and expectations are high that further mandates will be awarded soon, despite Europe’s worsening sovereign debt troubles and anxieties about the state of the Chinese and global economies.

Korea, the source of the region’s most prolific issuers, is naturally in the vanguard. Korea Hydro Nuclear Power KHNP priced a $500 million...

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