By Aaron Hochman-Zimmerman
New York, April 29 - The Export-Import Bank of Korea (Aa3/A/A+) priced a 300 million Mexican peso reopening of its 8.61% bonds due 2017, according to a press release.
The bonds were sold at 98.163 with a spread of 100 basis points over the Mbono due 2017.
The original 1 billion peso notes were priced on Oct. 4, 2007 at par. Another 800 million Mexican pesos were priced on April 23 at the same 100 bps spread.
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: | 300 million Mexican pesos
|
| Issue: | Retap of 8.61% notes
|
| Maturity: | Oct. 11, 2017
|
| Coupon: | 8.61%
|
| Price: | 98.163
|
| Spread: | Mbono due 2017 plus 100 bps
|
| Bookrunner: | Merrill Lynch
|
| Pricing date: | April 28
|
| Settlement date: | May 6
|
| Distribution: | Off shelf
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
