Kexim: markets to remain constructive

Kexim CFO Yoon Heesung tells FinanceAsia why he believes the bond markets will remain conducive to Korean credits and the republic's households will keep spending.
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The execution of a $1.75 billion two-tranche bond deal by the Export-Import Bank of Korea Kexim on Monday gave the Asian bond markets a welcome boost after the deal attracted a record $7.5 billion order book. 

The Aa3AA-AA- rated deal subsequently traded in a tight range during Asia's trading day on Tuesday, with the $750 million five-and-a-half year tranche closing on a bidoffer spread of 98bp97bp over Treasuries and the $1 billion 10-year at 101bp100bp over.

The shorter dated tranche performed less well, widening 2.5bp from its launch spread of 95bp, while the 10-year tightened 10bp from a launch...

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