Published on 6/8/2023 in the Prospect News Emerging Markets Daily.
New Issue: Korea’s Kexim issues $500 million of 4 5/8% 10-year notes at 99.984
By Wendy Van Sickle
Columbus, Ohio, June 8 – Export-Import Bank of Korea (Kexim) sold $500 million of 4 5/8% 10-year notes at 99.984 in an offering that settled on Wednesday, according to a company notice.
Citigroup Global Markets Inc., Credit Agricole CIB, Hongkong and Shanghai Banking Corp., Ltd., ING Bank NV, Singapore Branch, J.P. Morgan Securities plc and Societe Generale are joint bookrunners.
Proceeds will be used for general operations.
Applications will be made to list each series on the Singapore Exchange.
The lender is based in Seoul.
Issuer: | Export-Import Bank of Korea (Kexim)
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Amount: | $500 million
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Issue: | Notes
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Maturity: | June 7, 2033
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Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, Hongkong and Shanghai Banking Corp., Ltd., ING Bank NV, Singapore Branch, J.P. Morgan Securities plc and Societe Generale
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Joint lead manager: | Hanwha Investment & Securities Co., Ltd.
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Co-manager: | Kexim Bank (UK) Ltd.
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Coupon: | 4 5/8%
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Price: | 99.984
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Pricing date: | May 30
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Settlement date: | June 7
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Distribution: | Rule 144A and Regulation S
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Cusips: | 30215EBH9, 30217G2E9
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