Korea Export-Import Bank sets talk for two-tranche offering of notes

By Christine Van Dusen

Atlanta, Nov. 2 – Korea Export-Import Bank (Kexim) set talk for a two-tranche offering of dollar-denominated notes due in 5½ and 10 years, a market source said.

The 5½-year notes were talked at a spread in the Treasuries plus 110 basis points area.

The 10-year notes were talked at a spread in the Treasuries plus 130 bps area.

ANZ Securities, Barclays, BNP Paribas, BofA Merrill Lynch, Citigroup and Societe Generale CIB are the joint bookrunners and lead managers for the Securities and Exchange Commission-registered deal. Samsung Securities is a joint lead manager.

The proceeds will be used for general operations, including extending foreign currency loans and repayment of maturing debt.

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