Kexim snares US demand as Asian investors run out of gas

Pricing for the policy bank's $1 billion bond returns to pre-crisis levels.

Kexim snares US demand as Asian investors run out of gas

Export-Import Bank of Korea Kexim has tapped the dollar bond market with a $1 billion three-year bond.

This is an unusual tenor for Asian borrowers, but one that enabled the policy bank to capture strong demand from US investors, just as the Asian bid was running out of gas. The quasi-sovereign typically taps the market with longer tenors but it saw an opportunity to price a deal at pre-crisis levels.

“We tapped...

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