Eximbank issues US$700 mln in global bonds

SEOUL, April 14 (Yonhap) -- The Export-Import Bank of Korea (Eximbank) said Thursday it has floated bonds worth US$700 million to help finance South Korean companies' overseas projects.
The bonds, which come due in five years and six months, were priced to yield 1.32 percent higher than the three-month London Interbank Offered Rate, according to the state-run lender.
Eximbank plans to use the proceeds from the debt sale to finance local companies' overseas projects in areas such as green business and resources development.
The bonds carry the lowest interest rate among South Korean bonds with the same maturity that was issued after the 2008 global financial crisis, it said.