Kexim pays premium for jumbo deal

Export-Import Bank of Korea sets the pace for other Korean borrowers by raising $2 billion without an explicit government guarantee.

The Export-Import Bank of Korea Kexim sold $2 billion of five-year senior notes yesterday, and paid a premium price in order to satisfy a major part of its funding requirement for this year.

Kim Jinkyung, KeximÆs chief financial officer, told FinanceAsia that, although Kexim ôwould have liked tighter pricing, a smaller issue size would not necessarily have made that easier to achieve. Besides, we preferred to opt for a large-size benchmark dealö.

The bonds were issued at a yield...

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: bonds | kexim | citi | deutsche bank | hsbc | merrill lynch | rbs

Print Edition

FinanceAsia Print Edition