Korea's Kexim to issue dollar notes in two tranches

By Christine Van Dusen

Atlanta, Jan. 7 - Export-Import Bank of Korea (Kexim) is looking to issue dollar-denominated notes (expected rating of //AA-) in two tranches, a market source said.

One tranche will be floating-rate notes and the other will be fixed-rate.

The proceeds will be used for general corporate purposes, including rolling over or repaying maturing foreign-currency debt and other obligations, according to a report from Fitch Ratings.

Kexim is a lender based in Seoul, South Korea.

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