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Published on 9/15/2020 in the Prospect News Emerging Markets Daily.

New Issue: Kexim prices €500 million zero-coupon notes due 2023

By Rebecca Melvin

New York, Sept. 15 – Export-Import Bank of Korea priced €500 million zero-coupon notes due 2023 at an offering price of 100.355, according to a term sheet filed with the Securities and Exchange Commission.

HSBC, ING Bank BV, Singapore Branch, J.P. Morgan Securities LLC, Merrill Lynch International and Mizuho International plc were joint bookrunners of the SEC-registered notes.

The notes are part of a three-tranche offering of notes that also included two tranches of U.S. dollar-denominated notes.

Application is being made to list the euro-denominated bonds on the Singapore and Frankfurt exchanges.

The lender is based in Seoul.

Issuer:Export-Import Bank of Korea
Amount:€500 million
Maturity:Sept. 21, 2023
Description:Notes
Bookrunners:HSBC, ING Bank BV, Singapore Branch, J.P. Morgan Securities LLC, Merrill Lynch International and Mizuho International plc
Coupon:0%
Price:100.355
Trade date:Sept. 14
Settlement date:Sept. 21
Distribution:SEC registered

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