By Aaron Hochman-Zimmerman
New York, Jan. 23 - The Export-Import Bank of Korea (Aa3/A/A+) priced a 1.2 billion Mexican peso five-year floating-rate note at par to yield TIIE plus 30 basis points, according to a term sheet.
Merrill Lynch was asked to act as the bookrunner for the registered deal.
Proceeds will be used for general operations and debt refinancing.
Kexim is a Seoul-based state-owned bank.
| Issuer: | Export-Import Bank of Korea
|
| Amount: | 1.2 billion Mexican pesos
|
| Issue: | Five-year floating-rate note
|
| Maturity: | Jan. 28, 2013
|
| Coupon: | TIIE plus 30 bps
|
| Price: | Par
|
| Yield: | TIIE plus 30 bps
|
| Call: | Non-callable
|
| Bookrunner: | Merrill Lynch
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 28
|
| Distribution: | Off shelf
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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