Kepco nets $808m in largest S Korean trade

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Kepco nets $808m in largest S Korean trade

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Seoul skyline at night | leungchopan - Fotolia

Korea Electric Power Corp (Kepco) has raised W855.6bn ($808m) by selling all its treasury shares via a block trade on October 23 to become the largest South Korean ECM transaction so far this year. Priced just above the lower end of the range, the deal resonated well with international investors, with demand from them alone taking books to around three times covered.

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