Export-Import Bank of Korea (KEXIM) (KEXIM) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,000.0003Jan-26Sr. UnsecuredAa2AAAA-FixedTsyT+120 aT+85854.88%-99.69400
USD1,500.0005Jan-28Sr. UnsecuredAa2AAAA-FixedTsyT+155 aT+1201205.00%-99.65100
USD1,000.00010Jan-33Sr. UnsecuredAa2AAAA-FixedTsyT+180 aT+1451455.13%-99.59000
Tranche Comments
3 yr: Book size: 4900; First Pay: 2023-07-11; Registration: Registered; Comments: USD1bn 3yr(1/11/2026) cpn 4.875% at 99.694, yld 4.986%. Spread: T+85bps. CUSIP: 302154DU0. LEI: 549300APVP4R32PI3Y06. Number of Accounts: 195. Distribution: APAC 27% EMEA 32% US 41% CB/SSA/ INS 37% AM/FM 35% Bank Trsy 22% Corp 4% PB/Broker 2%; 5 yr: Book size: 5700; First Pay: 2023-07-11; Registration: Registered; Comments: USD1.5bn 5yr(1/11/2028) cpn 5% at 99.651, yld 5.08%. Spread: T+120bps. CUSIP: 302154DV8. LEI: 549300APVP4R32PI3Y06. Number of Accounts: 234. Distribution: APAC 39% EMEA 36% US 25% CB/SSA 22% AM/FM 46% INS/PF 8% Bank Trsy 22% PB/Broker 2%; 10 yr: Book size: 6400; First Pay: 2023-07-11; Registration: Registered; Comments: USD1bn 10yr(1/11/2033) 5.125% at 99.59, yld 5.178%. Spread: T+145bps. CUSIP: 302154DW6. LEI: 549300APVP4R32PI3Y06. Number of Accounts: 186. Distribution: APAC 43% EMEA 27% US 30% CB/SSA 17% AM/FM 58% INS/PF 15% Bank Trsy 8% PB/Broker 2%;
Deal Comments
Blue Bond (10yr)
Use of Proceeds
3yr/5yr: To fund general operations, including foreign currency loans and debt repayment; 10yr: Refinancing existing projects