KEPCO unit raises US$300 mln via debt sale

SEOUL, July 25 (Yonhap) -- The Korea South-East Power Co. (KOSEP), a unit of the state-run Korea Electric Power Corp., said Monday that it has raised US$300 million by selling dollar-denominated bonds.
The bonds with a 5.5-year maturity were sold at 2.25 percentage points more than similar-maturity U.S. Treasuries, said KOSEP.
The deal gathered an order book of about $2.4 billion from some 140 investors, it said.
KOSEP's latest overseas debt sale is the third of its kind since 2003, according to the utility firm.
Proceeds from the bond issuance will be used to repay short-term debts, said KOSEP.
brk@yna.co.kr