Kowepo powers new deal through the international debt markets
After an accelerated bookbuild, Barclays and Deutsche price the third bond deal of the year for a Korean genco.
Barclays Capital and Deutsche Bank priced a $150 million 10-year bond deal for Korea Western Power Kowepo on Tuesday. The deal marks the return of this genco to the international capital markets which last priced a deal in December 2002.
That deal was a five-year offering, led by ABN AMRO and Lehman Brothers, meaning that the newest deal is the longest-dated bond for the borrower.
The Reg-S only deal was announced on Monday morning and priced a mere 48 hours...
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