New Issue: South Korea's Kexim prices $2.25 billion of notes due 2017, 2022

By Christine Van Dusen

Atlanta, Jan. 5 - Export-Import Bank of Korea (Kexim) priced a two-tranche $2.25 billion issue of notes due 2017 and 2022, according to a company filing.

BNP Paribas, Citigroup, Deutsche Bank, HSBC, Bank of America Merrill Lynch and RBS were the bookrunners for the Securities and Exchange Commission-registered deal.

The deal included $1.25 billion 4% notes due Jan. 11, 2017 that priced at 99.807 and $1 billion 5% notes due April 11, 2022 that priced at 99.627.

The proceeds will be used for general operations, including extending foreign currency loans and for the repayment of maturing debt and other obligations.

Kexim is a lender based in Seoul, South Korea.

Issuer:	Export-Import Bank of Korea (Kexim)
Amount:	$2.25 billion
Description:	Notes
Bookrunners:	BNP Paribas, Citigroup, Deutsche Bank, HSBC, Bank of America Merrill Lynch, RBS
Trade date:	Jan. 4
Settlement date:	Jan. 11
Distribution:	Securities and Exchange Commission registered
Notes due 2017
Amount:	$1.25 billion
Maturity:	Jan. 11, 2017
Coupon:	4%
Price:	99.807
Notes due 2022
Amount:	$1 billion
Maturity:	April 11, 2022
Coupon:	5%
Price:	99.627

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