Kexim pays premium for jumbo deal

Export-Import Bank of Korea sets the pace for other Korean borrowers by raising $2 billion without an explicit government guarantee.

The Export-Import Bank of Korea Kexim sold $2 billion of five-year senior notes yesterday, and paid a premium price in order to satisfy a major part of its funding requirement for this year.

Kim Jinkyung, KeximÆs chief financial officer, told FinanceAsia that, although Kexim ôwould have liked tighter pricing, a smaller issue size would not necessarily have made that easier to achieve. Besides, we preferred to opt for a large-size benchmark dealö.

The bonds were issued at a yield...

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