Korea Eximbank Issues First Won Bond of 190 Billion KRW Supply Chain Stabilization Fund
Bidding of 440 Billion Won for 150 Billion Won Offering... Final Increase to 190 Billion Won
Continued Expansion of Supply Chain Bond Issuance
The Export-Import Bank of Korea announced on the 7th that it has issued won-denominated bonds worth 190 billion won from the Supply Chain Stabilization Fund for the first time.
The supply chain bonds are government-guaranteed bonds issued by the Supply Chain Stabilization Fund, which officially launched on the 5th of last month to strengthen economic security. This is the first issuance. The funds raised will be used to support projects that contribute to stabilizing supply chains in four key areas essential for economic security: advanced strategic industries, resource security, essential goods for the national economy and industry, and logistics.
This supply chain bond was issued through a competitive bidding process, recording bids worth 440 billion won, leading to an increase in the issuance size from the initially targeted 150 billion won to 190 billion won, demonstrating investors' interest in the Supply Chain Stabilization Fund.
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An official from the bank stated, "We plan to continuously expand the issuance of supply chain bonds to timely secure funds for supporting the Supply Chain Stabilization Fund projects," adding, "We expect the Supply Chain Stabilization Fund to contribute to strengthening the crisis response capabilities of our companies' supply chains."
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