ID :
206153
Fri, 09/09/2011 - 06:10
Auther :
Shortlink :
https://oananews.org//node/206153
The shortlink copeid
Eximbank issues US$1 bln global bonds
SEOUL, Sept. 9 (Yonhap) -- The state-run Export-Import Bank of Korea (Eximbank) said Friday it has raised US$1 billion by issuing dollar-denominated bonds in a bid to help boost local firms' overseas expansion.
The fixed-rate bonds, which carry an interest rate of 4.443 percent, will mature in 10 years, according to Eximbank.
Eximbank is the first institution in Asia to float global bonds worth over $500 million following the first-ever U.S. credit downgrade on Aug. 5, which jolted financial markets around the world, it said.
The lender said it hopes the latest debt sale will help spur bond issuances by other South Korean organizations amid a halt in fresh debt sales after the credit cut.
Eximbank has raised $6.4 billion through bond issuances in 14 countries, including Brazil and Thailand, this year.
The fixed-rate bonds, which carry an interest rate of 4.443 percent, will mature in 10 years, according to Eximbank.
Eximbank is the first institution in Asia to float global bonds worth over $500 million following the first-ever U.S. credit downgrade on Aug. 5, which jolted financial markets around the world, it said.
The lender said it hopes the latest debt sale will help spur bond issuances by other South Korean organizations amid a halt in fresh debt sales after the credit cut.
Eximbank has raised $6.4 billion through bond issuances in 14 countries, including Brazil and Thailand, this year.
