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S.Korea's KEPCO issues price guidance - source

Mon Jul 13, 2009 2:47am EDT

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HONG KONG, July 13 (Reuters) - Korea Electric Power Corp (KEPCO) (015760.KS) will sell five-year dollar bonds at a yield of around 362.5 basis points over U.S. Treasuries, two sources close to the deal said on Monday.

It has hired four banks for the transaction which is likely to raise around $500 million.

The power utility appointed Morgan Stanley (MS.N), Goldman Sachs (GS.N), HSBC (0005.HK) and Royal Bank of Scotland (RBS.L) for the debt offering, which is expected to be priced on Monday during New York time, the source said. (Reporting by Umesh Desai, Editing by Jacqueline Wong)



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