S. Korean power firm raises US$1 bln in debt sale

By Nam Kwang-sik
SEOUL, June 11 (Yonhap) -- Korea Hydro & Nuclear Power Co. (KHNP), a South Korean
state-run power company, said Thursday it has raised US$1 billion by selling
global bonds to construct new nuclear power stations.

The five-year bonds carry an interest of the return on U.S. five-year Treasury
notes plus 3.625 percentage points, or an interest of the London Inter-bank
Offered Rate plus 3.09 percentage points, KHNP said.
"The bonds carry the lowest interest rate among five-year global bonds issued by
South Korean financial institutions this year," the company said.
KHNP said it will use the proceeds from the debt sale to build new nuclear power
plants and buy fuel for nuclear power stations.
ksnam@yna.co.kr
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