Kexim back in baht

Kexim returns with its first baht-denominated bond deal in more than two years and its lowest ever coupon in the currency.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222