Korea Hydro & Nuclear Power in $600 Million Green Bond Offering
July 25, 2018
July 25, 2018
Cleary Gottlieb represented BNP PARIBAS, Citigroup, HSBC, J.P. Morgan, KDB, and UBS as joint bookrunners in a Rule 144A/Reg. S offering by Korea Hydro & Nuclear Power Co., Ltd. (KHNP) of $600 million 3.75 percent “Green Bonds” due 2023.
The bonds were listed on the Singapore Exchange. The offering priced on June 18, 2018, and closed on July 25, 2018.
KHNP was established in 2001 as one of six wholly-owned generation subsidiaries of Korea Electric Power Corporation (KEPCO). KEPCO is currently the sole electricity transmission and distribution company in Korea and is listed on the NYSE.