Kexim readies first deal since February

The Korean quasi-sovereign hires Barclays, Credit Suisse, Morgan Stanley and UBS for a new dual-tranche benchmark offering.

Barclays, Credit Suisse, Morgan Stanley and UBS have been mandated to lead a proposed dual currency Reg-S 144a $1 billion benchmark bond deal for the Export-Import Bank of Korea Kexim. The deal is expected to have a five-year FRN component and a 10-year fixed rate component.

The leads will not be conducting a roadshow for the deal however pricing is expected no later than Wednesday depending on the progress of the bookbuild. Initial guidance on the respective tranches was...

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