Kepco completes first step of Asia's largest liability management exercise

The Korean electricity utility receives court approval for its consent solicitation covering $2.95 billion of its dollar debt.

The first stage of a comprehensive liability management exercise covering all of Kepco's domestic and international debt was completed this week, when the Korean courts approved a consent solicitation for eight Yankee bonds. This means Kepco can now introduce a streamlined covenants package across its outstanding Yankee bonds and remove clauses covering "joint and several liabilities."

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media