Published on 6/19/2007 in the Prospect News Emerging Markets Daily.
New Issue: Korea's Kexim sells ¥35 billion five-year Samurai bonds
By Reshmi Basu
New York, June 19 - The Export-Import Bank of Korea (Kexim) sold a ¥35 billion offering of five-year Samurai bonds (Aa3/A/A+) at par to bear a coupon of 1.84%, or a spread of yen Libor plus 17 basis points, according to a market source.
Daiwa Securities SMBC managed the transaction.
The issuer is a Seoul-based state owned bank.
| Issuer: | Export-Import Bank of Korea
|
| Amount: | ¥35 billion
|
| Issue: | Samurai bonds
|
| Maturity: | June 26, 2012
|
| Coupon: | 1.84%
|
| Issue price: | Par
|
| Spread: | Yen Libor plus 17 bps
|
| Lead manager: | Daiwa Securities SMBC
|
| Pricing date: | June 19
|
| Settlement date: | June 26
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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