À̹ÌÁö È®´ë South Korea¡¯s state lender Export-Import Bank of Korea (Korea Eximbank) announced Thursday it has successfully sold $500 million in five-year bonds to overseas investors despite market uncertainty due to coronavirus concerns across the world.
The bond¡¯s spread, 47.5 basis points over the five-year U.S. treasury yield of 1.463 percent, was the narrowest among the capital instrument issued to date in Korea, except for sovereign debts, since the 2008-2009 global financial crisis, the bank said.
¡°The latest offering amid the coronavirus scare that has spilled over to the entire financial market adds international credence to the bank issues,¡± said a Korea Eximbank official.
By Kim Gang-rae and Lee Ha-yeon
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]