Kexim launches benchmark dollar bond
Following ICICI's $2 billion deal, Kexim might steal the limelight.
Export-Import Bank of Korea Kexim has mandated ABN AMRO, BNP Paribas, Merrill Lynch and Morgan Stanley for a benchmark dollar deal. The transaction, which will be announced this morning, is due to price tonight New York time, say sources.
Rumoured to be no less than $500 million and possibly considerably larger, pricing for the 144a Reg-S five-year transaction was being whispered at 120bp over Treasuries yesterday 55bp over Libor. It will be the Korean bankÆs first and...
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