By Paul A Harris and Reshmi Basu
New York, April 14 - Export Import Bank of Korea added $150 million to its 4 1/8% non-callable notes due 2009 and $200 million to its non-callable notes due 2014, according to market sources.
The tranche of notes due 2009 priced to yield 86 basis points over Treasuries, broadly in line with price talk that put the spread in the area of 87 basis points.
The tranche of notes due 2014 priced to yield 91 basis points over Treasuries, again broadly in line with price talk that put the spread in the area of 92 basis points.
UBS Investment Bank was bookrunner for the Rule 144A/Regulation S issue.
Issuer: Export Import Bank of Korea
Total amount: $350 million add-on
| Pricing date: | April 14
|
| Bookrunner: | UBS Investment Bank
|
|
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| Five-year tranche
|
| Amount: | $150 million
|
| Issue: | Notes
|
| Maturity: | Feb. 10, 2009
|
| Coupon: | 4 1/8%
|
| Price: | 99.145
|
| Spread: | 86 basis points
|
| Call features: | Non-callable
|
| Price talk: | 87 basis points area
|
|
|
| Ten-year tranche
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| Amount: | $200 million
|
| Issue: | Notes
|
| Maturity: | Feb. 10, 2014
|
| Coupon: | 5¼%
|
| Price: | 99.417
|
| Spread: | 91 basis points
|
| Call features: | Non-callable
|
| Price talk: | 92 basis points area
|
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