Korea Eximbank Issues $2.5 Billion Global Bond

The Export-Import Bank of Korea announced on the 12th that it issued a total of 2.5 billion USD worth of global bonds to investors worldwide on the 11th. The maturities and issuance amounts are 500 million USD for 2 years, 1 billion USD for 5 years, 500 million USD for 10 years, and 500 million EUR for 4 years.

This marks the first global bond issuance of Korean bonds since the foreign currency bond market reopened in the second half of this year, and it is expected to set a benchmark for overseas bonds worth 20 billion USD to be issued by Korean institutions by the end of the year.

The Export-Import Bank of Korea explained that this global bond issuance combined various currencies and maturities to maximize investor demand. In particular, it is noted that investor demand and competitive interest rates were secured for bonds with maturities of 5 years or less, which are frequently issued by Korean institutions.

Meanwhile, with this issuance, the bank achieved the largest-ever annual cumulative public issuance scale for Korean bonds in both US dollars and euros (6 billion USD and 1.85 billion EUR respectively), elevating the status of Korean bonds to a new level.

Based on US dollar bonds, effective orders worth 7.7 billion USD, about four times the target amount, were received from a total of 331 investors. By investor type, interest was concentrated mainly on high-quality investors such as international organizations and central banks (38%), and by region, mainly the United States (45%) and Europe and the Middle East (33%).

The bank stated, "The funds secured through this issuance will be used to support the overseas expansion of our companies and to stabilize supply chains."

This content was produced with the assistance of AI translation services.