Kexim ends Korean bond siesta with $1b deal

The state-owned export credit agency raises a dual-tranche dollar bond, cutting short Korean borrowers’ month-long hiatus from international debt markets.

Kexim ends Korean bond siesta with $1b deal

The Export-Import Bank of Korea Kexim sold a $1 billion dual-tranche bond on Wednesday morning, ending Korean issuers’ month-long hiatus in global capital markets.

The so-called summer lull enabled the state-owned export credit agency to raise larger size financing at competitive levels as there was minimal market competition from other Asian borrowers.

The other dollar-denominated deal that launched on the same day was China Merchants Bank’s $500 million five-year note, which ended...

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