Kexim to issue dollar- and euro-denominated notes in three parts

Chicago, Sept. 14 – Export-Import Bank of Korea (Kexim) is in the market with a three-part series of notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Republic of Korea.

One series will be denominated in euros and the other two are planned as dollar-denominated.

The euro-denominated notes will be social bonds.

The notes are non-callable.

Joint bookrunners and lead managers for the notes are BofA Securities Inc., HSBC Ltd., ING Bank NV, Singapore Branch, J.P. Morgan Securities LLC and Mizuho Securities USA Inc.

Proceeds from the dollar notes will be used for general operations, including foreign currency loans and repaying debt.

The euro notes will be used to provide financing and microfinancing for small and medium enterprises that suffer from natural disasters, including pandemics, and specifically Covid-19.

The lender is based in Seoul.

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