Kexim Plans $13 Billion Offshore Sales in 2015, Euro Debt
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Export-Import Bank of Korea, the nation’s biggest issuer of international bonds, plans to boost offerings next year and may sell euro-denominated notes amid rising U.S. rate prospects.
State-owned Kexim, which provides credit to exporters, plans to raise about $13 billion from offshore sales in 2015, compared with this year’s $12 billion target, to fund rising maturities and lending activity, according to the director general of international financing Yoon Hee Sung. The lender, which made a debut sale of Canadian-dollar bonds last month, is considering a euro offering amid plans to increase non U.S. dollar issues.