Korea Eximbank issues $3 bn global bonds
It's the first global bond issuance since the political crisis surprised martial law in S.Korea
Hyun-Woo Kang
1
2025-01-08 16:25:57
hkang@hankyung.com
Banking & Finance
The Export-Import Bank of Korea (Eximbank) said on Wednesday it issued a total of $3 billion in global bonds, targeting worldwide investors.
The maturities and issuance amounts of the bonds are as follows: $400 million in a three-year variable rate, $850 million in three-year fixed rate notes, $1.25 billion in five-year notes, and $500 million in 10-year notes.
Eximbank initially aimed to issue $2 billion, but increased the amount to $3 billion due to strong investor demand, receiving up to $10 billion in orders from more than 400 investors.
The proceeds from the issuance will be utilized for high-tech strategic industries, winning industries, and climate crisis response.
Write to Hyun-Woo Kang at hkang@hankyung.com