Korea's Kexim sets guidance for minimum $300 million five-year bullet at T+110 bps area

By Reshmi Basu

New York, Aug. 4 - Export-Import Bank of Korea (Kexim) set price guidance for its minimum $300 million offering of five-year notes (A3/A-/A-) in the area of Treasuries plus 110 basis points, according to a market source.

The deal is expected to price Thursday morning.

The senior unsecured notes will be structured as a five-year bullet.

The issuance will be listed on the Luxembourg Stock Exchange.

UBS, Barclays Capital, and Citigroup are running the books. The securities are being offered in the United States under Kexim's shelf registration.

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