Kexim tops and tails record breaking year

Kexim likes breaking records and its new bond has done so again.

The Export Import Bank of Korea Kexim completed a $500 million bond issue yesterday November 7, becoming the first Korea issuer to break through the 25bp barrier in the five-year sector. The AA3A Fitch rated bank chose an FRN structure for the deal, which marks its second international bond offering so far this year.

Under the lead management of Credit Suisse First Boston, HSBC and UBS, the group priced the deal at...

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