KDIC sell-down in Kepco upsized to $547 million

Korea Electric Power Corp (Kepco) held up well yesterday even though the share sale by Korea Deposit Insurance Corp (KDIC) on Tuesday evening was upsized to $547 million from an original base deal of $235 million. The share price fell 3.7% to within 50 points of the placement price in the first 15 minutes of trading, but bounced back to trade around 2.8% lower for most of the day, suggesting a successful transaction.