Eximbank of Korea issues 500 million Swiss franc bonds

SEOUL, Oct. 1 (Yonhap) -- The Export-Import Bank of Korea (Eximbank) said
Thursday it has raised 500 million Swiss francs (US$484 million) through a bond
issuance to provide trade financing for local exporters.
The fixed-rate bond carries an interest rate of 1.765 percentage points plus the
London Interbank Offered Rate (LIBOR) and comes due in three years, the state
trade lender said in a statement.
The proceeds from the debt sales will be used to finance overseas resource
development by local companies and outbound shipments of industrial plants and
vessels, Eximbank said.
pbr@yna.co.kr
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