Kexim mandates four for new benchmark deal

Barclays, Citigroup, Deutsche Bank and Morgan Stanley hired for a new Kexim dual currency benchmark.

Barclays, Citigroup, Deutsche Bank and Morgan Stanley have been mandated to lead a proposed dual currency $1 billion benchmark bond deal for the Export Import Bank of Korea Kexim. The deal is expected to be completed after Chinese New Year.

This deal is somewhat reminiscent of Kexim's initial international debt market offering of 2005, a $1 billion dual tranche global bond that came to market in mid March.

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