Kexim wrestles with outsized demand

Korean policy bank returns to the dollar bond market backed by a supersized order book.

Kexim wrestles with outsized demand

The Export Import Bank of Korea Kexim returned to the international bond markets on Monday with the kind of knock-out deal many Asian borrowers had probably consigned to the history books.

The quasi-sovereign credit managed to attract an order book topping $7.5 billion by the time its $1.75 billion two-tranche 144a deal closed during New York hours.

The Asian credit markets have not seen this kind of demand for a number of...

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.

Print Edition

FinanceAsia Print Edition