The state-run Export-Import Bank of Korea said Thursday it has issued dollar-denominated bonds worth $2.25 billion, the single biggest debt sale by a Korean institution excluding the government.
The debt is composed of two-tranche global bonds maturing in five years and 10 years and three months, respectively, the policy lender said.
The five-year bonds worth $1.25 billion carry an interest rate 3.15 percent above the corresponding U.S. state bond yields. The other tranche, worth $1 billion, are priced to yield more than 3.05 percent above U.S. bonds that mature in 10 years.
A total of eight financial firms, including BNP Paribas SA and Daewoo Securities Co., managed the sale, Eximbank said.
The debt sale marks the largest bond issuance since April 2009, when the South Korean government issued foreign exchange stabilization bonds worth $3 billion, according to Eximbank.
(Yonhap News)
