Korea Hydro & Nuclear Power issues $750 mil. in bonds
September 12, 2012 Yonhap
Korea Hydro & Nuclear Power Co., the sole operator of the country's nuclear power plants, said Wednesday it has successfully issued bonds worth $750 million in the United States.
The 10-year bonds carry an interest rate of 3 percent, the lowest rates compared with other 10-year bonds issued by South Korean companies, the company said.
"The successful debt sale reaffirmed foreign investors' confidence in the company's ability to operate nuclear power plants and it will provide necessary funds to be invested in new nuclear power plants," it said in a released statement.
The company currently operates all 23 nuclear reactors in South Korea, which plans to bring the number of reactors to 39 by 2030.
Of the total bonds issued, 43 percent were purchased by American investors, with Asian investors picking up another 40 percent. The remainder went to European investors, it said
Country of riskRepublic of Korea
Redemption (put/call option)
М/S&P/F— / — / —
Company — Korea Hydro & Nuclear Power
Full nameKorea Hydro & Nuclear Power Co., Ltd.
Registration countryRepublic of Korea