By Aaron Hochman-Zimmerman
New York, April 18 - The Export-Import Bank of Korea (Aa3/A/A+) priced two tranches worth a total of 350 million Swiss francs, a market source said.
The 250 million Swiss franc three-year tranche priced with a coupon of 3 7/8%.
The 100 million Swiss franc two-year tranche priced at a spread of mid-swaps plus 71 basis points.
ABN Amro acted as the bookrunner for the Seoul-based state-owned bank.
| Issuer: | Export-Import Bank of Korea
|
| Amount: | CHF 350 million
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Bookrunner: | ABN Amro
|
| Pricing date: | April 17
|
|
|
| Amount: | CHF 250 million
|
| Issue: | Three-year bonds
|
| Maturity: | 2011
|
| Coupon: | 3 7/8%
|
|
|
| Amount: | CHF 100 million
|
| Issue: | Two-year bonds
|
| Maturity: | 2010
|
| Spread: | Mid-swaps plus 71 bps
|
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