By Christine Van Dusen
Atlanta, Aug. 18 – Korea Export-Import Bank sold $125 million 18-month floating-rate notes at par to yield Libor plus 285 basis points on Monday, a market source said.
Goldman Sachs was the bookrunner for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general operations, including extending foreign currency loans and for the repayment of debt.
Kexim is a lender based in Seoul, South Korea.
| Issuer: | Korea Export-Import Bank
|
| Amount: | $125 million
|
| Maturity: | Feb. 8, 2017
|
| Description: | Floating-rate notes
|
| Bookrunner: | Goldman Sachs
|
| Coupon: | Libor plus 285 bps
|
| Price: | Par
|
| Yield: | Libor plus 285 bps
|
| Trade date: | Aug. 17
|
| Settlement date: | Aug. 20
|
| Distribution: | Securities and Exchange Commission registered
|
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