Korea East-West Power launches $500 million bond

Korea East-West Power attracts strong demand for a five-year issue as other regional credits prepare to tap the bond markets.

Korea East-West Power launches $500 million bond

Despite the uncertainties and gyrations in international credit markets, it’s still possible for solid Asian borrowers to launch successful bond issues, as Korea East-West Power KEWP demonstrated yesterday.

The thermal power generation company, which is indirectly owned by the Korean government, managed to find an opportunity to raise $500 million while markets digested the latest attempt by policymakers to alleviate the European debt crisis.

Last week, Asia investment-grade bond spreads tightened by...

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