Country's first offshore corporate bond of the year receives a warm reception as the government launches a new divestment in its largest power generator.
Korea Hydro & Nuclear Power re-opens the Asian credit market after a barren few weeks with a tightly priced 10-year deal, while other borrowers are set to follow.
Power sector financing company Rural Electrification Corp will be the second issuer to use a French auction, although the auction has been modified to allow investors to lower their bids should the underlying share price fall.