Exim Bank raises 1.5 bln euros via bond sale

정주원 / 2022-05-18 14:28:31
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Exim Bank-euro bonds
▲ The headquarters of the Export-Import Bank of Korea in Seoul (Yonhap)

Exim Bank-euro bonds

Exim Bank raises 1.5 bln euros via bond sale

SEOUL, May 18 (Yonhap) -- The state-run Export-Import Bank of Korea (Exim Bank) said Wednesday it has raised 1.5 billion euros (US$1.58 billion) by selling global bonds.

The state lender has sold two-year floating-rate bonds worth 550 million euros and five-year, fixed-rated bonds worth 950 million euros.

It marks the largest-ever amount of euro-denominated bonds sold by a local institution, the bank said.

The Exim Bank said the proceeds from the debt sale will be used to support Korean companies involving renewable and secondary battery businesses in Europe.

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