New Issue: Kexim prices $1.5 billion notes due 2024, 2026, 2031

By Marisa Wong

Los Angeles, Feb. 4 – Export-Import Bank of Korea (Kexim) priced $1.5 billion of fixed-rate notes in three tranches, according to FWP filings with the Securities and Exchange Commission.

Kexim priced $500 million of 3/8% notes due Feb. 9, 2024 at 99.869, $700 million of 5/8% notes due Feb. 9, 2026 at 99.451 and $300 million of 1 3/8% notes due Feb. 9, 2031 at 98.761.

BNP Paribas, Citigroup Global Markets Inc., Credit Agricole CIB, KB Securities Co., Ltd., Mizuho Securities USA LLC, Standard Chartered Bank, Kexim Bank (UK) Ltd. are the joint bookrunners and lead managers.

Proceeds will be used for general operations, including extending foreign currency loans and repayment of maturing debt and other obligations.

The lender is based in Seoul.

Issuer:	Export-Import Bank of Korea
Issue:	Notes
Amount:	$1.5 billion
Bookrunners:	BNP Paribas, Citigroup Global Markets Inc., Credit Agricole CIB, KB Securities Co., Ltd., Mizuho Securities USA LLC, Standard Chartered Bank, Kexim Bank (UK) Ltd.
Pricing date:	Feb. 3
Settlement date:	Feb. 9
2024 notes
Amount:	$500 million
Maturity:	Feb. 9, 2024
Coupon:	3/8%
Price:	99.869
2026 notes
Amount:	$700 million
Maturity:	Feb. 9, 2026
Coupon:	5/8%
Price:	99.451
2031 notes
Amount:	$300 million
Maturity:	Feb. 9, 2031
Coupon:	1 3/8%
Price:	98.761

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