Haven status drives investors to Komipo's new 5.5 year

Nuclear Plants_230px
By GlobalCapital
14 Jan 2016

Korea Midland Power Co (Komipo) bagged $300m from new 5.5 year notes that were four times subscribed on January 13. The Aa2/AA-/AA- rated borrower offered investors something of a safe haven play amid the recent volatility, with strong demand allowing the issuer to print the new bond with little premium.

The subsidiary of Korea Electric Power Corp (Kepco), which holds the same credit ratings as the Korean government, has always resonated well among investors as one of the safest credits in Asia ex-Japan.

But its safe haven status has become even more solidified as Standard & Poor’s ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial