Smooth euro trade for Kexim

As the euro market revives, investors are keen to get their hands on rare euro-denominated paper from Korea.

Export-Import Bank of KoreaÆs euro-denominated bond proved a successful trade last week when it priced a Ç750 million transaction at 138bp over mid-swaps, at the tight end of guidance via Citi, Depfa Bank, Deutsche Bank, HSBC and RBS. The bonds had tightened by just 1.5bp by Friday afternoon, marking a contrast in the substantial rallies seen in other transactions earlier this year, such as Korea Midland Power, Korea Southern Power, and Swire.

ôThe market is in better shape,ö says...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: kexim | deutsche | hsbc | depfa | rbs | citi

Print Edition

FinanceAsia Print Edition

EVENTS