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S.Korea's KEPCO unit to sell $300 mln bonds-sources

Sun Apr 6, 2008 9:26pm EDT

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HONG KONG, April 7 (Reuters) - Korea Southern Power Co Ltd (KOSPO), a unit of South Korean electricity provider KEPCO (015760.KS), is considering selling about $300 million in bonds, sources with knowledge of the deal said on Monday.

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KOSPO, part of Korea Electric Power Corp, will hold presentations this week starting with Singapore on Monday, followed by Hong Kong on Tuesday, London on Wednesday, and ending in New York on Thursday, said one of the sources involved in the deal, but who was not authorised to speak publicly about the transaction.

The deal for the South Korean power generating unit could launch following the roadshow, depending on market conditions, he said.

KOSPO has mandated ABN AMRO AAH.AS, Citigroup (C.N) and Deutsche Bank (DBKGn.DE) to handle the sale, the sources added. (Reporting by Rafael Nam; Editing by Edmund Klamann)

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