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Korea's Kexim sets tenor for $1 billion dual-currency note offering
By Reshmi Basu
New York, Feb. 6 - The Export-Import Bank of Korea set the tenor and structure for a $1 billion equivalent offering of dollar-denominated and euro-denominated global notes (A3/A), according to a market source.
The issuance will be comprised of five-year dollar-denominated fixed-rate notes and seven-year euro-denominated floating-rate notes.
Barclays Capital, Deutsche Bank, Morgan Stanley and Citigroup are joint bookrunners for the offering of Securities and Exchange Commission registered notes.
Pricing is expected to take place early Tuesday.
The issuer is a Seoul-based agency that provides export credit and project finance to support Korean enterprises in conducting business internationally.
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