massive-demand-for-khnps-1-billion-bond-issue

Massive demand for KHNP's $1 billion bond issue

State-owned Korea Hydro Nuclear Power meets strong demand for its five-year notes, allowing it to double the size and issue at the tight end of late price guidance.

Korea Hydro Nuclear Power KHNP, a unit of state-run Korea Electric Power Corporation Kepco, priced a $1 billion five-year bond issue early this morning Hong Kong time at the tight end of late price guidance.

Despite the fact that Korean investors were excluded from the primary offering, the deal attracted around $8 billion worth of orders, led by a hefty bid from Asian accounts, according to people familiar with the deal. Irresistible momentum gathered, and the issue turned hot.

Roadshows for the power generating company genco kicked off in Hong Kong on June 4, before moving to Singapore, London and New York but a planned visit to Boston was replaced by...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222