Published on 10/26/2004 in the Prospect News Emerging Markets Daily.
New Issue: Export-Import Bank of Korea sells €300 million five-year notes at Euribor plus 35 bps
By Reshmi Basu
New York, Oct. 26 - Export-Import Bank of Korea priced €300 million of floating-rate notes due 2009 (A3/A-) at 99.952 to yield Euribor plus 35 basis points, according to a market source.
The deal came at the middle of downwardly revised price guidance. Guidance had been tightened to 35 basis points from 40 basis points more than Euribor.
ABN Amro and Deutsche Bank AG ran the deal.
| Issuer: | Export Import Bank of Korea (Kexim)
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| Amount | €300 million
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| Issue: | Floating-rate notes
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| Maturity: | Nov. 2, 2009
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| Issue price: | 99.952
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| Spread: | Euribor plus 35 basis points
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| Pricing date: | Oct. 26
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| Settlement date: | Nov. 2
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| Bookrunners: | ABN Amro, Deutsche Bank
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| Ratings: | Moody's: A3
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| Standard & Poor's: A-
|
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