Kosep and MCC take advantage of market bounce

Korea South-East Power revisits the market with a $300 million print, while MCC prices a $500 million bond.

Kosep and MCC take advantage of market bounce
China Metallurgical Group's headquarters in Beijing (ImagineChina)

Two investment-grade borrowers Korea South-East Power Kosep and MCC Holding Hong Kong took advantage of a bounce in the markets late last week to price bonds.

Kosep, which operates thermal power stations, priced a $300 million five-and-a-half-year bond last Friday evening. The company went out with initial price guidance in the area of Treasuries plus 240bp on Friday morning and a deal that was capped at $300 million. It ended up pricing at Treasuries plus...

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