pricing-terms-komipo-300-million-bond

Pricing terms: Komipo $300 million bond

Korea Midland Power Company priced a $300 million Reg-S deal on Friday. Details listed here, commentary to follow.

Issuer: Korea Midland Power Company
Rating of the bond: A1 (stable) / A- (stable) Moody's / S&P
Size: $300 million
Tenor: Five years
Yield: 5.505%
Price: 198bp over mid-swaps
Re-offer: 99.438
Spread: 270.1bp over US Treasuries
Coupon: 5.375% semi-annual 30/360
Docs: Reg-S
Settlement date: February 8, 2008
Maturity date: February 11, 2013
First coupon date: August 11, 2008
Denomination: 100,000 x 1,000
Investor-type split: Asset Managers:
30%
Banks:
45%
Insurance companies:
20%
Retail:
4%
Other:
1%
Geographic split: Asia:
70%
Europe:
30%
Number of investors: 73
Final book: $1.2 billion
Bookrunners: Barclays Capital, Citi, Goldman Sachs











¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media