Despite Martial Law... Su-eun Successfully Issues $3 Billion Global Bonds

The Export-Import Bank of Korea announced on the 7th that it has successfully issued a total of 3 billion USD in global bonds to investors worldwide.

The bonds issued by KEXIM on this day consist of a 3-year floating rate bond worth 400 million USD, fixed rate bonds of 850 million USD for 3 years, 1.25 billion USD for 5 years, and 500 million USD for 10 years.

KEXIM explained that this issuance served as an opportunity to confirm that despite domestic political situations such as martial law and impeachment, overseas investors still maintain strong support and trust in South Korea's economic system.

KEXIM initially aimed to issue 2 billion USD, but due to investment demand exceeding expectations?receiving orders up to 10 billion USD from more than 400 investors?the final issuance amount was increased to 3 billion USD. By region, the proportions are Europe and the Middle East 38%, the Americas 32%, and Asia 29%. By investor type, central banks, international organizations, and public institutions account for 47%, banks 27%, and asset managers and others 25%.

Additionally, through a customized strategy to maximize investor demand by maturity, the final issuance yield was reduced by more than 25 basis points compared to the initially offered rate, minimizing the new issuance premium.

KEXIM actively worked to restore credibility by holding numerous one-on-one investor IR sessions and online investor briefings during the preparation process to dispel overseas investors’ concerns about domestic political situations.

In particular, the bank president personally sent letters requesting cooperation to overseas investment banks and distributed separate explanatory materials related to political issues on the KEXIM website, concentrating all efforts on close communication with investors.

A KEXIM official stated, “In a situation of domestic political instability and significant financial market uncertainty before the inauguration of the Trump administration, KEXIM’s successful role as the pioneer of Korean bond issuance for four consecutive years since 2022 appears to have greatly contributed to crisis response and credibility enhancement.”

Meanwhile, the funds secured through this issuance will be utilized in various fields such as advanced strategic industries, strategic order industries, and climate crisis response according to KEXIM’s credit support plan for 2025.

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