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.