S.Korea's KOMIPO sets price guidance for bond sale

Thu Jan 31, 2008 10:17pm EST
 
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HONG KONG, Feb 1 (Reuters) - Korea Midland Power Co Ltd, or KOMIPO, will sell $300 million in dollar-denominated bonds at around 212.5 basis points over mid-swaps, a source close to the deal said on Friday.

KOMIPO is a unit of South Korean electricity provider Korea Electric Power Corp (015760.KS).

It is rated A-minus by Standard & Poor's and A1 by Moody's Investors Service.

Barclays Capital, Citigroup and Goldman Sachs are managing the sale.

The issue is likely to be priced later in the day during London trading hours. (Reporting by Umesh Desai, editing by Anne Marie Roantree)

 

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