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Export-Import Bank of Korea issues €750M of bonds

Export-Import Bank of Korea issued €750 million of bonds, FNTIMES reported July 4.

The five-year bonds were priced with a coupon of 0.693%. They were issued July 3.

A total of 68 institutional investors participated in Export-Import Bank of Korea's latest bond auction, which followed a US$1.5 billion global bond offering in May and a ¥120 billion samurai bond issuance in June.

The lender said that the proceeds from the issuance will be used to finance M&A by South Korean companies in Europe.

As of July 4, US$1 was equivalent to ¥110.54.