KEXIM, the Korea Export-Import Bank, is a South Korean government-owned policy bank that provides financial support for the country's export-oriented industries and overseas economic development projects.
A recent notable event in the fixed-income market concerns the maturity and redemption of a specific bond issued by KEXIM. KEXIM, formally known as the Export-Import Bank of Korea, is a prominent South Korean state-owned policy bank. Established to facilitate the nation's economic development and enhance international economic cooperation, KEXIM provides comprehensive financial support for various international transactions, including export and import activities, overseas investments, and natural resource development initiatives. As a key player in supporting South Korea's export-driven economy, KEXIM's financial instruments are widely observed by investors. This particular bond, identified by the ISIN XS2533125725, was denominated in USD and carried a coupon rate of 4.21%. The total issuance size amounted to $120,000,000, with a minimum purchase increment set at $200,000. Originating from South Korea, the bond, which had been trading at 100% as its current market price, reached its maturity date on September 11, 2023. With a semi-annual payment frequency, this obligation has successfully completed its term and has been fully redeemed, concluding its lifecycle within the fixed-income market.
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Republic of Korea
XS2533125725 ( in USD )
