Cleary Gottlieb represented BNP PARIBAS (SUISSE) SA and UBS AG as joint bookrunners in a Reg. S offering by Korea Western Power Co. Ltd. (KOWEPO) of CHF 200 million 0.125% social, green, and sustainability bonds due 2024.
The notes were listed on the SIX Swiss Exchange Ltd. The offering priced on January 24, 2019, and closed on February 27, 2019.
KOWEPO was established in 2001 as one of six wholly owned generation subsidiaries of Korea Electric Power Corp. (KEPCO). KEPCO is currently the sole electricity transmission and distribution company in Korea and is listed on the NYSE.