New Issue Commentary — The Export-Import Bank of Korea
Dealer commentary on this issuer’s latest new issue, summarised.
The new Global Yen benchmark offering under the GMTN Programme comprises 3, 5, and 7year senior unsecured tranches denominated in Japanese Yen. Initial price thoughts were set at YMS+18bps, YMS+28bps, and YMS+40bps, respectively, with benchmark sizes to be determined.
| Tranche | Tenor | Coupon | Ccy | Size | Rank | Maturity |
|---|---|---|---|---|---|---|
| The Export-Import Bank of Korea - IPTs | 3yr | JPY | TBC | Senior, Unsecured | Oct 29, 2029 | |
| The Export-Import Bank of Korea - IPTs | 5yr | JPY | TBC | Senior, Unsecured | Oct 29, 2031 | |
| The Export-Import Bank of Korea - IPTs | 7yr | JPY | TBC | Senior, Unsecured | Oct 28, 2033 |