Kim Jinkyung, KeximÆs chief financial officer, told FinanceAsia that, although Kexim ôwould have liked tighter pricing, a smaller issue size would not necessarily have made that easier to achieve. Besides, we preferred to opt for a large-size benchmark dealö.
The bonds were issued at a yield of 8.218% which was 677.7bp over the five-year US Treasury yield, 625bp over mid-swaps, 280bp over Kexim credit default swaps and 350bp over the Korean sovereign CDS. Initial price talk had suggested a spread...
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