Korea Eximbank Successfully Issues $1.5 Billion Global Bonds

The Export-Import Bank of Korea announced on September 16 that it has successfully issued global bonds totaling 1.5 billion US dollars.

The Export-Import Bank issued two separate bonds the previous day: a 500 million US dollar floating-rate bond with a 3-year maturity, and a 1 billion US dollar fixed-rate bond with a 5-year maturity.

Both are US dollar-denominated bonds. The bank combined a 5-year fixed-rate bond, which is attracting strong demand ahead of a potential US base rate cut, with a 3-year floating-rate bond, which is highly favored by Asian banks.

The Export-Import Bank received orders totaling up to 7.7 billion US dollars from 175 investors, which is 5.1 times the target amount.

The company explained that orders were led by traditional high-quality investors such as international organizations and central banks, and that demand expanded not only from the United States, Central and South America, and the Middle East, but also from Asian and Greater China investors.

An official from the Export-Import Bank stated, "Despite the recent rapidly changing trade environment and unfavorable external conditions, we have confirmed the unwavering trust of overseas investors in the Korean economy."

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