Published on 10/12/2021 in the Prospect News Emerging Markets Daily.
New Issue: Korea’s Kexim sells $1 billion 1¾% seven-year green notes
By Cristal Cody
Chicago, Oct. 12 – Export-Import Bank of Korea (Kexim) sold $1 billion of 1¾% green notes with a seven-year tenor on Tuesday, a market source reported.
The notes priced with a spread of Treasuries plus 35 basis points. Talk had been for a spread in the Treasuries plus 60 bps area.
BNP Paribas, Credit Agricole CIB, HSBC, ING, J.P. Morgan Securities plc, and Shinhan Investment are bookrunners of the deal.
The lender is based in Seoul.
| Issuer: | Export-Import Bank of Korea (Kexim)
|
| Issue: | Green notes
|
| Amount: | $1 billion
|
| Maturity: | Oct. 19, 2028
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB, HSBC, ING, J.P. Morgan Securities plc, and Shinhan Investment
|
| Coupon: | 1¾%
|
| Spread: | Treasuries plus 35 bps
|
| Trade date: | Oct. 12
|
| Price talk: | Treasuries plus 60 bps area
|
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