Korea's Kexim talks euro-denominated 10-year notes at mid-swaps plus 30 to 33 bps

By Reshmi Basu

New York, Feb. 12 - The Export-Import Bank of Korea (Kexim) set price talk for a euro-denominated offering of 10-year global notes (Aa3/A/A+) at mid-swaps plus 30 to 33 basis points, according to a market source.

The size of the deal has not been revealed, but the issue is expected to be benchmark-sized.

Pricing may take place as soon as during early London trading hours on Tuesday, following the completion of Monday's roadshows in Paris and Frankfurt.

Citigroup, DePfa Bank plc, Deutsche Bank, Merrill Lynch & Co. and UBS Investment Bank are joint lead managers for the issuance of Securities and Exchange Commission-registered notes.

The notes will be non-callable.

Kexim is a Seoul-based state-owned bank.

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