Enthusiastic response to Mexim's $500 million bond debut

Malaysia's state-owned export-import bank successfully prices its first US dollar issue during a lull in the storm.

Enthusiastic response to Mexim's $500 million bond debut

Export-Import Bank of Malaysia Mexim attracted strong demand for its inaugural US dollar bond issue late last week, despite mounting risk aversion among investors amid a further worsening of the European crisis.

It was the first-ever foreign currency bond issue by a Malaysian development finance institution and it even achieved the lowest coupon by any Malaysian entity for a 5-year tenor. Apparently, Mexim met interest for a 10-year deal, but chose the shorter-dated option.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...