Scarcity powers Korea East-West’s $500m comeback

Korea East-West Power raised $500m from its return to the international bond market after nearly seven years of absence at the start of the week, generating more than $4.8bn of demand.

  • 13 Jul 2012

The state-owned power generating company priced the five year bond at 195bp over Treasuries, the lower end of final guidance and 2bp tighter than where the outstanding $500m 3.125% May 2017 bond of Korea Western Power was trading in the secondary market on Monday.

Korea East-West officials said they ...

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