Korea Hydro prices debut international bond

State owned utility''s deal gets favourable reaction from investors.

Korea Hydro Nuclear Power Co. KHNP made its debut foray into the international bond markets last night with a $200 million five-year Reg S issue. Deutsche Bank and JPMorgan acted as joint lead managers on the transaction, with Samsung Securities as co-manager.

With the A-Baa2 rated group being positioned as the natural successor to Kepco, which has long provided corporate Korea's main pricing benchmark, all parties involved in the deal will be satisfied with pricing inside...

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