khnp

State-owned Korea National Housing Corporation is the latest, but not the last, Korean borrower to tap the US dollar market this year and achieves the lowest yield spread so far.

The five-year issue by the state-owned oil company comes at the tightest spread for a quasi-sovereign so far this year, and leads to a narrowing of the Korean credit curve.

The Korean electricity company's five-year dollar issue benefits from a relaxation of rules for domestic investors.

State-owned Korea Hydro Nuclear Power meets strong demand for its five-year notes, allowing it to double the size and issue at the tight end of late price guidance.

Roadshows for a debut bond by Korea Hydro & Nuclear Power (KHNP) begin next Wednesday.