Korea Western Power’s $300 Million GMTN Takedown

June 7, 2018

Cleary Gottlieb represented BNP Paribas, Citigroup and HSBC, as joint bookrunners and joint lead managers, in a Reg S offering of $300 million 3.750 percent notes due 2023 by Korea Western Power Co., Ltd. (KOWEPO) under its $2 billion global medium-term note program.

The notes were listed on the Singapore Exchange. The offering priced on May 31, 2018, and closed on June 7, 2018.

KOWEPO 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.