New York, May 29 - Export-Import Bank of Korea priced $300 million of two-year floating-rate notes at par with a Libor plus 9 basis points coupon, according to a term sheet.
Merrill Lynch & Co. was bookrunner for the off-the-shelf deal.
Kexim, a Seoul-based lender created to promote the export of Korean goods and services, will use the proceeds for general corporate purposes.
| Issuer: | Export-Import Bank of Korea
|
| Issue: | Floating-rate notes
|
| Amount: | $300 million
|
| Maturity: | June 1, 2009
|
| Coupon: | Libor plus 9 bps
|
| Price: | Par
|
| Yield: | Libor plus 9 bps
|
| Call: | Non-callable
|
| Pricing date: | May 25
|
| Settlement: | June 1
|
| Bookrunner: | Merrill Lynch & Co.
|
| Distribution: | Off shelf
|
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