Korea’s Kexim plans five-year Uridashi green notes in two tranches

By Susanna Moon

Chicago, Jan. 28 – Export-Import Bank of Korea (Kexim) said it is planning to offer five-year Uridashi green notes in two tranches from Feb. 15 to Feb. 25.

For the dollar-denominated notes, the coupon is expected to be 2.7%, plus or minus 50 basis points, and for the Australian dollar-denominated issue, the coupon is expected to be 2.3%, plus or minus 50 bps.

Daiwa Securities Group Inc. is the arranger and distributor.

Proceeds will be used to extend loans to the projects that promote the transition to low-carbon and climate resilient growth, which include four criteria of fostering renewable energy, reducing carbon emissions, promoting energy efficiency and encouraging environmentally friendly industries, according to a company announcement.

The notes will mature on Feb. 22, 2024.

Settlement of the notes in Japan has been set for Feb. 28.

The lender is based in Seoul.

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