By Rebecca Melvin
New York, Nov. 20 – The Export-Import Bank of Korea (Kexim) priced $1 billion of fixed-rate notes due 2021 and 2023 on Monday, according to a term sheet filed with the Securities and Exchange Commission.
A $500 million tranche of 3˝% three-year notes priced at 99.983.
A $500 million tranche of 3 3/8% five-year notes priced at 99.444.
Credit Agricole CIB, Daiwa Capital Markets Europe Ltd., HSBC, BofA Merrill Lynch, Mizuho Securities USA LLC and Standard Chartered Bank were the joint bookrunners and lead managers for the SEC-registered deal.
The proceeds will be used for general operations.
The lender is based in Seoul.
| Issuer: | Export-Import Bank of Korea (Kexim)
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Bookrunners: | Credit Agricole CIB, Daiwa Capital Markets Europe Ltd., HSBC, BofA Merrill Lynch, Mizuho Securities USA LLC and Standard Chartered Bank
|
| Co-manager: | Kexim Bank (UK) Ltd.
|
| Trade date: | Nov. 19
|
| Settlement date: | Nov. 27
|
| Distribution: | SEC registered
|
|
|
| 2021 notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 27, 2021
|
| Coupon: | 3˝%
|
| Price: | 99.983
|
|
|
| 2023 notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 27, 2023
|
| Coupon: | 3 3/8%
|
| Price: | 99.444
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
