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
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