The Largest Ever Euro Bond Issuance by a Korean Institution
The Export-Import Bank of Korea announced on May 18 that it issued 1.5 billion euros of global bonds. The amount is the largest in the history of euro bond issuance by South Korean institutions.
According to the bank, the bonds consist of 550 million euros of floating rate notes with a maturity of two years and 950 million euros of fixed rate notes with a maturity of 3.5 years.
The two-year notes are a type the bank covered for the first time. The form of issuance is green bond targeting money market fund.
Yoon Young-sil
pr@businesskorea.co.kr