Kexim bond

Savvy Kexim prefunds with $2.25 billion dual-tranche bond

Kexim strikes while the iron is hot, prefunding nearly half its US dollar funding requirements for 2012 in the first week of January.
Yoon-Yung Kim, chief financial officer of Kexim
Yoon-Yung Kim, chief financial officer of Kexim
January 06, 2012

The Export-Import Bank of Korea (Kexim) heralded the new year with a $2.25 billion dual-tranche bond on Thursday, raising close to a quarter of its total funding requirements for 2012 in one swoop. Its decision to tap early was driven by its view that credit markets will remain unpredictable.

¬ Haymarket Media Limited. All rights reserved.

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