Kexim's prints A$200 million in a new curve-extending 2027-maturity Kangaroo [UPDATED]

The Export-Import Bank of Korea (Kexim) (AA/Aa2/AA-) has printed A$200 million (US$149.7 million) - from a minimum volume of A$100 million - in a new 10.5-year maturity transaction, a November 30 announcement revealed. The transaction priced flat to initial guidance of 130 basis points over semi-quarterly swap. Kexim has now become the first Korean issuer to join the trend for long-dated Kangaroo issuance. Although several Korean issuers have been active in the Kangaroo market none has publicly issued at longer than seven-year tenor according to KangaNews data.