Kexim floats record bond before shipbuilder rescue

Policy bank completes its largest ever international bond offering as it prepares to play a leading role in the restructuring of Korea's ailing shipbuilding industry.

Kexim floats record bond before shipbuilder rescue
Fixing a hole

The Export-Import Bank of Korea Kexim completed its biggest bond to date on Wednesday, with a record breaking $2.5 billion triple-tranche offering. 

The Aa2AA-AA- deal was executed against a volatile Treasury market backdrop and at an interesting juncture in Kexim's own history as it prepares to help the government bail out the country's ailing shipbuilding industry. 

Its market entrance also follows a month-long lull...

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