EXIM Bank issues 2020 global bonds in 1.5 bn euro amid faster rises in U.S. rates

Export-Import Bank of Korea (EXIM Bank) issues 2020 global bonds in 1.5 billion euros ($1.6 billion) instead of USD amid faster rate rises in the U.S. The latest issue was arranged in dual tranches – 550 million euro with two-year floating maturity and 950 million euro with 3.5-year fixed maturity. The pricing has not been revealed. The two-year bonds were issued by EXIM Bank for the first time targeting short-term bond market such as money market funds in green bond form. The proceeds will be used in renewable energy projects and large-scale secondary battery production facility projects carried out by local export companies in Europe.

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