Kexim launches benchmark dollar bond

Following ICICI's $2 billion deal, Kexim might steal the limelight.

Export-Import Bank of Korea Kexim has mandated ABN AMRO, BNP Paribas, Merrill Lynch and Morgan Stanley for a benchmark dollar deal. The transaction, which will be announced this morning, is due to price tonight New York time, say sources.

Rumoured to be no less than $500 million and possibly considerably larger, pricing for the 144a Reg-S five-year transaction was being whispered at 120bp over Treasuries yesterday 55bp over Libor. It will be the Korean bankÆs first and...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition