Korea Eximbank issues $3 bn global bonds

The Export-Import Bank of Korea (Eximbank) said on Wednesday it issued a total of $3 billion in global bonds, targeting worldwide investors.

The maturities and issuance amounts of the bonds are as follows: $400 million in a three-year variable rate, $850 million in three-year fixed rate notes,  $1.25 billion in five-year notes, and $500 million in 10-year notes.

Eximbank initially aimed to issue $2 billion, but increased the amount to $3 billion due to strong investor demand, receiving up to $10 billion in orders from more than 400 investors.

The proceeds from the issuance will be utilized for high-tech strategic industries, winning industries, and climate crisis response.

Write to Hyun-Woo Kang at hkang@hankyung.com