By Christine Van Dusen
Atlanta, Feb. 5 - Export-Import Bank of Korea (Kexim) priced a combined CHF 225 million of notes on Tuesday in tranches due in 2017 and 2019 (Aa3), a market source said.
The deal included CHF 125 million floating-rate notes due March 3, 2017 that priced at par to yield Libor plus 45 basis points.
The second tranche totaled CHF 100 million 1 1/8% notes due Sept. 3, 2019 that priced at 100.266 to yield mid-swaps plus 92.5 bps.
Credit Suisse and UBS were the bookrunners for the deal.
Issuer: | Export-Import Bank of Korea
|
Amount: | CHF 225 million
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Description: | Notes
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Bookrunners: | Credit Suisse, UBS
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Trade date: | Feb. 4
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Settlement date: | March 3
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Rating: | Moody's: Aa3
|
|
Notes due 2017
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Amount: | CHF 125 million
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Maturity: | March 3, 2017
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Description: | Floating-rate notes
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Coupon: | Libor plus 45 bps
|
Price: | Par
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Yield: | Libor plus 45 bps
|
|
Notes due 2019
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Amount: | CHF 100 million
|
Maturity: | Sept. 3, 2019
|
Coupon: | 1 1/8%
|
Price: | 100.266
|
Spread: | Mid-swaps plus 92.5 bps
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