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Export-Import Bank of Korea issues US$1.5B of global bonds

Export-Import Bank of Korea issued US$1.50 billion of three- and five-year global bonds, FNTIMES reported.

The dual-tranche issuance comprised US$800 million of three-year floating-rate bonds and US$700 million of five-year floating-rate bonds.

The coupon rates were set at 0.575% above the three-month London Interbank Offered Rate for three-year bonds and 0.775% above three-month LIBOR for five-year bonds.

A total of 168 investors who took part in the bond auction placed orders worth US$2.60 billion.