On 20 May, Export-Import Bank of Korea (Kexim) (AA/Aa2/AA-) launched a three-year, Kangaroo, benchmark transaction, offered in either or both fixed and floating-rate note formats. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 120 basis points area over swap benchmarks. J.P. Morgan, MUFG Securities, National Australia Bank and Westpac Institutional Bank are leading.