Success partner for your global takeoff,
The Global Network of Korea Eximbank.

How to enlarge/reduce the letter size

Enlarge the screen : Please press and hold ctrl key and press + key additionally to enlarge it. Shrink the screen : Please press and hold ctrl key and press - key additionally to reduce it.

E-Mail this

Did you find useful information at KEXIM?
Recommend the information you see now to anyone you want to share with.
After entering the following details, you can share contents by clicking "SEND"

@
@

COVID-19

Korea Eximbank Issues USD 500 Million Global Bond amid COVID-19 Shock

Date 2020.02.06

View 1658

The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman BANG, Moon-kyu, “Korea Eximbank”) announced that the Bank has successfully issued a USD 500 million Global Bond on February 6.

 

The bond offering came amid heightened market uncertainty as concerns over the spread of the COVID-19 have caused major stock markets to tumble and Asian financial markets, such as Hong Kong and China mainland, to remain unstable. Despite these difficulties, Korea Eximbank carefully monitored the market situation and seized a moment when global financial markets start to stabilize and investor sentiment was turning positive.

 

The five-year fixed-rate bonds were priced 0.475%p higher than the U.S. five-year government bond rate, marking the lowest spread among Korean benchmark issues, excluding government bonds, since the 2008-2009 global financial crisis.

 

A Korea Eximbank official said, "The latest offering has attracted high demand from global investors amid the COVID scare that has spilled over to the entire  financial market, and it implies that our bonds are considered as a safe heaven among investors.”

 

He added, “This global bond issuance reaffirmed investors’ confidence in Korean papers while serving as a benchmark for other Korean issuers to follow in the future.”