KEPCO Subsidiaries to Issue Bonds Worth 1 Tril. Won

SEOUL, KOREA- The three power generation subsidiaries of KEPCO, including Korea Southern Power, Korea East-West Power, and Korea Hydro & Nuclear Power, will issue corporate bonds worth several hundred billion won each. As the blue-chip companies with credit ratings of AAA are setting out to issue bonds, it is expected other companies with similarly high credit ratings would follow suit.

According to investment banking sources on September 1, the three KEPCO subsidiaries announced their plans for bond issuing by the year's end. The total value of bond issues is estimated at around 1 trillion won.

Some analysts forecast that the latest announcement may revive the market that has been frozen since the "Bernanke shock" since June. Earlier, POSCO and KT, another blue-chip companies with AAA credit ratings, had revealed plans to issue bonds worth 700 billion won and 400 billion won, respectively, in October.

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