Ex-Im Bank sells US$2 bln in bonds overseas

SEOUL, Jan. 13 (Yonhap) -- South Korea's state-owned trade bank said Tuesday it
has sold US$2 billion worth of bonds to foreign investors to help local
exporters.
The five-year bonds carry an interest rate of 6.25 percent and mark the biggest
overseas debt offering since the government issued $4 billion worth of currency
stabilization bonds in 1998, the Export-Import Bank of Korea (Ex-Im Bank) said.
The money raised will be used to service trade financing for local plant and
vessel exporters and small and mid-sized trade companies, the Ex-Im Bank said.
pbr@yna.co.kr
(END)