kogas

The Korean power company takes advantage of pent-up investor demand, pricing new five-year bond at a small 10bp premium to existing curve.

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.

Korea's state-owned gas company impresses investors with its scarcity value and triggers a surge of support for other Korean credits too.

Gas company prices through Korean curve.

Government monopoly hopes to raise $300 million later this autumn.