Korea’s Kexim announces plans to sell floating-, fixed-rate notes

By Sarah Lizee

Olympia, Wash., June 18 – Export-Import Bank of Korea (Kexim) is planning to issue one or more series of floating-rate notes and fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

BNP Paribas, Citigroup Global Markets Inc., Credit Agricole CIB, HSBC, Mirae Asset Daewoo Co. Ltd. and Mizuho Securities USA LLC are joint bookrunners, and Kexim Bank (UK) Ltd. is a co-manager.

The floating-rate notes will bear interest at Libor plus an applicable margin.

Interest on the fixed-rate notes will be payable semiannually.

The notes will be non-callable.

Proceeds will be used for general operations, including extending foreign currency loans and repayment of debt.

The lender is based in Seoul.

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