Kexim benchmark deal shows Euromarkets’ return to favour

14 May 2008

The Export-Import Bank of Korea made a triumphant return to the Euromarkets last night (Thursday), selling Eu750m of five year bonds in its first benchmark sized transaction since last October.

Kexim’s five year bond equalled the biggest euro deal ever sold by a Korean borrower, matching a record it set at the height of the bull market in 2007.

The deal shows that the international debt markets have improved enough to convince frequent issuers like Kexim — which typically ...

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