Kexim bond

Kexim re-opens Asian G3 market

Kexim prints a $1 billion bond, paving the way for other Korean borrowers to tap the market.
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Yoon-Young Kim, Kexim
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<div style="text-align: left;"> Yoon-Young Kim, Kexim </div>

The Export-Import Bank of Korea Kexim early last Friday morning priced a $1 billion 10-year bond, re-opening the market for other Korean borrowers.

Bank of America Merrill Lynch, Credit Suisse, Daiwa, Goldman Sachs, HSBC and J.P. Morgan were joint bookrunners. Woori Investment Securities was a joint lead.

The Asian dollar bond market has been more or less shut since August, with issuance dwindling to $1.7 billion in August, a far cry from the peak of $14.6 billion in April, according to data from Dealogic. Undeterred by the weak market conditions, Kexim seized a window of opportunity and closed its bond with lightning-quick execution.

“Markets...

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