Komipo powers out to 10-years
Korean genco launches new 10-year offering via Credit Suisse and UBS.
Despite recent volatility in US Treasury yields, Korea Midland Power Komipo, the third largest of KoreaÆs five non-nuclear gencoÆs, has completed a A2A- rated $200 million five-year offering via Credit Suisse and UBS.
Initially marketed to investors at 42bp over mid swaps, and subsequently tightened to 40-42bp over, the Reg-S 144a deal priced at the wider end of guidance. The transaction was priced at 98.364% on a coupon of 5.5% to yield 5.717%. This equated to 97.5bp...
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