Kepco returns to Yen markets

The Korean electricity utility has completed its second euro-yen issue of the year, securing marginally tighter pricing than the first.

Jackie Horne

October 30, 2001

Barclays and Merrill Lynch were joint bookrunners of a Y35 billion ($205 million) euro-yen deal that priced yesterday (Tuesday). The three year deal, which has a Uridashi filing to better penetrate Japan's retail investor base, was priced at par with a 1.18% coupon to yield 93bp over yen-Libor.

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