Kexim builds out renminbi curve with dual listed dual trancher

Export Import Bank of Korea sold its first renminbi transaction since 2012 on Thursday night, launching a Rmb1bn dual tranche bond split evenly between five and 10 year tranches. The issuer also took the unusual approach of listing the tranches on different stock exchanges — becoming the first to do so — selling the ten year bond in Taiwan and the five year in Singapore.