Published on 4/24/2013 in the Prospect News Emerging Markets Daily.
New Issue: Korea's Kexim prices €750 million 2% notes due 2020 to yield mid-swaps plus 95 bps
By Christine Van Dusen
Atlanta, April 24 - The Korea Export-Import Bank (Kexim) sold €750 million of 2% seven-year notes (Aa3) at 99.774 to yield 2.035%, or mid-swaps plus 95 basis points, a market source said.
Barclays, Credit Agricole, Deutsche Bank, Standard Chartered Bank and UBS were the bookrunners for the deal.
| Issuer: | Korea Export-Import Bank (Kexim)
|
| Amount: | €750 million
|
| Maturity: | April 30, 2020
|
| Description: | Notes
|
| Bookrunners: | Barclays, Credit Agricole, Deutsche Bank, Standard Chartered Bank, UBS
|
| Coupon: | 2%
|
| Price: | 99.774
|
| Yield: | 2.035%
|
| Spread: | Mid-swaps plus 95 bps
|
| Trade date: | April 24
|
| Settlement date: | April 30
|
| Rating: | Moody's: Aa3
|
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