The Export-Import Bank of Korea Kexim underlined its reputation as Asia’s most diversified and savviest borrower on Monday following the completion of a Bt10 billion $279 million three-year bond deal.
The issue represented Kexim’s first baht-denominated deal in just over two years and the largest single tranche issue by foreign borrower in the currency to date.
Pricing came at the tight end of guidance after the deal built up an order book of Bt17 billion.
Thailand’s local insurance firms, institutional investors, money managers and banks were major buyers of Kexim’s latest offering, according to one source close to the deal. “Lack of supply from...