A Fixed Rate Bond with 5-year Maturity
The Export-Import Bank of Korea announced on Feb. 6 that it has successfully issued global bonds worth US$500 million.
The bonds were issued amid major stock markets and Asian financial markets including those in Hong Kong and China in confusion due to concerns over the spread of the Wuhan coronavirus.
The bank issued a fixed rate bond with five-year maturity. Their interest rate was determined by adding 0.475 percent to that of a five-year U.S. Treasury bond (1.463 percent).
The Export-Import Bank of Korea said that the spread was the lowest among Korean bonds (excluding the government bonds) issued since the 2008 financial crisis.
Yoon Young-sil
contact@businesskorea.co.kr