Korea’s Kexim talks two-tranche dollar notes due in five, 12 years

By Christine Van Dusen

Atlanta, Aug. 5 – Korea Export-Import Bank set talk for a two-tranche offering of dollar-denominated notes due in five and 10 years (expected ratings: Aa3/A+/AA-), a market source said.

The five-year notes were talked at a spread in the Treasuries plus 75 basis points area.

The 12-year notes were talked at a spread in the Treasuries plus 87.5 bps area.

ANZ, BofA Merrill Lynch, BNP Paribas, HSBC, Citigroup and Standard Chartered Bank are the bookrunners for the Securities and Exchange Commission-registered deal.

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