Kexim launches new five-year Kangaroo bond

On 22 October, Export-Import Bank of Korea (Kexim) (AA/Aa2/AA-) launched a new, five-year Kangaroo bond transaction to come in either or both fixed- and floating-rate format. The forthcoming deal has indicative price guidance of 98 basis points area over swap benchmarks. Pricing is expected on the day after launch, according to lead managers ANZ, Mizuho Securities and TD Securities.