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Published on 10/1/2014 in the Prospect News Emerging Markets Daily.

New Issue: Korea Export-Import Bank prices £300 million 2% notes due 2017 at Gilts plus 110 bps

By Christine Van Dusen

Atlanta, Oct. 1 – Korea Export-Import Bank priced £300 million 2% notes (A3) due Dec. 7, 2017 at 99.783 to yield Gilts plus 110 basis points, a market source said.

ANZ and HSBC were the bookrunners for the deal.

The issuer is based in Seoul.

Issuer:Korea Export-Import Bank
Amount:£300 million
Maturity:Dec. 7, 2017
Description:Notes
Bookrunners:ANZ, HSBC
Coupon:2%
Price:99.783
Spread:Gilts plus 110 bps
Trade date:Oct. 1
Settlement date:Oct. 10
Rating:Moody’s: A3

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