By Aaron Hochman-Zimmerman
New York, July 7 - Export-Import Bank of Korea priced $1.5 billion of notes due January 2015 (A2/A/A+) at 99.462 with a coupon of 5 7/8%, according to an FWP filing with the Securities and Exchange Commission.
Barclays, Credit Suisse, Deutsche Bank, Merrill Lynch and Morgan Stanley acted as bookrunners for the off-the-shelf deal. Samsung Securities Co., Ltd. was joint lead manager.
Proceeds will be used for general operations, including extending foreign currency loans and repayment of maturing debt and other obligations.
Kexim is a Seoul-based commercial lender.
Issuer: Export-Import Bank of Korea
Issue: Notes
| Amount: | $1.5 billion
|
| Maturity: | Jan. 14, 2015
|
| Coupon: | 5 7/8%
|
| Price: | 99.462
|
| Call: | Non-callable
|
| Bookrunners: | Barclays, Credit Suisse, Deutsche Bank, Merrill Lynch, Morgan Stanley
|
| Lead manager: | Samsung Securities Co., Ltd.
|
| Distribution: | Off shelf
|
| Pricing date: | July 7
|
| Settlement date: | July 14
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
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