Korea Western braves US shutdown with five year
Korea Western Power received strong demand from US investors for its $500m Reg S/144A deal on October 2 as buoyant Asian markets shrugged off the US government’s partial shutdown.
The Korean issuer opened its books at 185bp over Treasuries for the five year trade, a 25bp premium over its May 2017s, which were last quoted at a G-spread of 160bp, according to a banker.
Even though both houses of Congress continued to haggle over the US budget, the
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.