Kogas puts taper talk aside to raise $500 million

The Korean power company takes advantage of pent-up investor demand, pricing new five-year bond at a small 10bp premium to existing curve.
<div style="text-align: left;"> Kogas is the world's biggest LNG importer </div>
<div style="text-align: left;"> Kogas is the world's biggest LNG importer </div>
July 24, 2013

Korea Gas raised $500 million on Monday night, giving Asian bond investors their first chance to buy new investment-grade paper since US Federal Reserve chairman Ben Bernanke spooked markets into fearing an end to government asset purchases.

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