Kexim plans 20% increase in foreign borrowing

By Frances J. Yoon
16 Dec 2013

Export-Import Bank of Korea plans to borrow about $12bn from the international funding markets in 2014, which would be 20% higher than the volume of private placements, bonds and syndicate loans it completed this year.

The state-run bank has about $8bn in foreign bond redemptions due next year which it plans to fund through the public bond market and is targeting about $4bn in other funding options such as private placements in 2014, according to Lee Sang Ho, director at Kexim’s international finance ...

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