Orders flow in as KHNP sets guidance for rare dollar bond

08 Jun 2009

Korea Hydro & Nuclear Power (KHNP) released guidance for its benchmark dollar deal in Asian trading hours on Monday and could price the deal as early as New York hours on Tuesday.

Barclays Capital, Citi, Deutsche Bank and Goldman Sachs announced guidance of around 400bp over Treasuries for the five year deal and had recorded orders worth $1.5bn by the time Asian markets closed, bankers told EuroWeek.

The pricing of the bond could now be pushed forward to New York ...

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