December 23, 2019
KST Electric Power Company has refinanced debt from the Norte II thermoelectric power plant in Mexico with the proceeds from a $401 million private placement backed the Export-Import Bank of Korea, according to one of the law firms in the deal.
Crédit Agricole was the placement agent, pricing $250 million in covered 2037 notes at 3.3% and $151 million in uncovered 2037 notes at 5.7%, Clifford Chance said in a press release.
The Korea Exim Bank provided the guarantee for the covered notes, while
Kepco subsidiary pays off debt with the proceeds from a $401 mln private placement backed by the Korea Exim Bank