Kepco to re-finance $1.35 billion global

Head of international finance, Myung-Whan Kim, discusses the utility''s plans to access the capital markets later this year.

What are your borrowing plans for the rest of the year

We have a $1.35 billion global bond, which matures on December 1, so some portion of this should be refinanced from the overseas market and the balance through the local capital market. I don't know how much will be financed from each, but it will be subject to the local capital market situation. At the moment the local capital market is quite favourable for issuers. The coupon rate is very low and we can issue five-year bonds at around 4% to 5%. And we don't have to take forex risk. So that is why we are more focused on the local capital...

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