Kepco abandons 30-year bond

The Korean Electricity Power Corporation (Kepco) returned to the dollar bond market on Tuesday night with a $300 million deal that priced at the tight end of revised guidance. Like all recent transactions from Korea, the 30 put 10 offering attracted a huge order book, but suffered the impact of global market volatility during its first day trading on Wednesday, widening 5bp over the course of the Asian trading day.