Muted demand constrains Korea Hydro order book

Korea Hydro & Nuclear Power Co priced a five year deal on Wednesday that attracted fewer orders compared to other Korean deals that closed this week.

  • By Frances J. Yoon
  • 27 Sep 2013
Initial pricing was set at 170bp over US Treasuries for a $500m deal, according to a debt syndicate head, who compared it to Korea Gas’s 2018s, which were trading at a Treasury spread of plus 149bp and Korea Hydro’s 2022s that were last quoted at 154bp over. Korea Hydro does not ...

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