Kexim raises another $1.5 billion from bond issue

Export-Import Bank of Korea's latest dollar bond deal is 4.7 times subscribed as other Korean borrowers plan to launch yet more issues.

The flood of Korean paper swamping the US dollar bond market in Asia shows no sign of abating. In its second surge this year, after a successful issue in January, the Export-Import Bank of Korea Kexim raised $1.5 billion with a five-and-a-half year deal early yesterday morning Hong Kong time.

This is the eleventh dollar bond sale by a Korean issuer so far this year investment-grade Korean companies sold foreign currency bonds worth a total of $13...

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