Korea Eximbank issues first HKD-denominated bond with BOC support

The Export-Import Bank of Korea has issued the first Hong Kong dollar-denominated bond worth HK$2.4 billion among South Korean financial institutions, according to the Bank of China (3988).

The deal by the official export credit agency of South Korea also marks the first time that BOC has underwritten bonds for a Korean policy bank.

The bond issuance has a three-year term and a pricing of 2.969 percent.

It drew HK$8.7 billion in orders, oversubscribed by more than 3.6 times.

BOC Hong Kong (2388) was involved in the execution and settlement arrangements of the issuance.

STAFF REPORTER