Kexim keeps Kangaroo bond market hopping

By Addison Gong
23 Oct 2018

An A$500m ($355m) Kangaroo bond from the Export-Import Bank of Korea on Tuesday reaffirmed Australian dollar investors’ appetite for high quality credits from South Korea, amid a fall in global issuance volume in the currency this year.

A regular issuer of Kangaroo bonds, Aa2/AA/AA- rated Kexim has been consistently tapping the market since 2010, according to Dealogic. But a recent series of events pushed it to return to the currency.

Its senior deal came just a week after Korea Development Bank’s (KDB) A$400m return after ...

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