Kepco prints $700 million of debt

US investors, enjoying a healthy pickup in yield, buy 63% of Kepco's new 3% bonds.

Korea Electric Power Corporation (Kepco) came to market late Monday night Hong Kong time with $700 million of senior unsecured debt. The five-year notes were issued with a 3% semi-annual coupon and were re-offered at 99.664 to yield 3.073%.

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