By Aaron Hochman-Zimmerman
New York, April 24 - The Export-Import Bank of Korea (Aa3/A/A+) priced an 800 million Mexican peso reopening of its 8.61% bonds due 2017, according to a press release.
The bonds were sold at 99.23 with a spread of the Mbonos due 2017 plus 100 basis points.
The original 1 billion peso notes were priced on Oct. 4, 2007.
The maturity is Oct. 11, 2017.
Merrill Lynch was the bookrunner for the registered deal.
Proceeds from the sale will be used for general corporate purposes.
Kexim is a Seoul-based state-owned bank.
| Issuer: | Export-Import Bank of Korea
|
| Amount: | 800 million Mexican pesos
|
| Issue: | Retap of 8.61% notes
|
| Maturity: | Oct. 11, 2017
|
| Coupon: | 8.61%
|
| Price: | 99.23
|
| Spread: | Mbonos due 2017 plus 100 bps
|
| Bookrunner: | Merrill Lynch
|
| Pricing date: | April 23
|
| Distribution: | Off shelf
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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