Latest news with #Eximbank
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Business Standard
07-05-2025
- Business
- Business Standard
Exim Bank withdraws planned 10-yr bond issuance over high yield demands
Exim Bank on Wednesday withdrew its planned 10-year bond issuance as investors were demanding higher-than-expected yields for the issuance, according to multiple sources. The bank had planned to raise ₹2,500 crore through 10 year bonds. The base issue size was ₹500 crore and the green shoe option was ₹2,000 crore. According to market insiders, Exim Bank expected tighter levels for their up to ₹2,500 crore issue since they are a very infrequent issuer in the 10-year segment. Additionally, sources indicated that Exim Bank received bids with a cut-off yield of 6.86 per cent for ₹1,655 crore, 6.87 per cent for ₹1,955 crore, and 6.88 per cent for ₹2,705 crore. From the issuer point of view, these levels were slightly higher and also slightly higher than NTPC's cut off, which raised Rs 4,000 crore at 6.84 per cent on Wednesday through 10 year bonds, sources said. 'Exim bank withdrew because of high levels. For the broader picture, even though the levels are the same today, there could be some impact moving forward on some issuances, however, it depends on how it goes,' said a market participant. State-owned Exim Bank promotes, finances, and facilitates India's international trade. It offers financial assistance to exporters and importers, supporting them in identifying business opportunities, enhancing global competitiveness, and managing trade-related risks.
![[Advertorial] Eximbank donates vehicles to aid multicultural families](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F04%2F22%2Fnews-p.v1.20250422.c24a3d6588e243ab971b2c2042e2eb9c_T1.jpg&w=3840&q=100)
![[Advertorial] Eximbank donates vehicles to aid multicultural families](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fkoreaherald.com.png&w=48&q=75){kind=small}
Korea Herald
22-04-2025
- Automotive
- Korea Herald
[Advertorial] Eximbank donates vehicles to aid multicultural families
The Export-Import Bank of Korea, or Eximbank, announced Tuesday that it donated 11 vehicles worth 300 million won ($219,900) to organizations supporting multicultural families through the Community Chest of Korea. At a donation ceremony held at the bank's headquarters in Yeouido, Seoul, Eximbank CEO Yoon Hee-sung and Community Chest of Korea Secretary-General Hwang In-sik handed over five minivans and six compact cars to Rainbow Global Community Child Center. The initiative is part of Eximbank's long-standing commitment to social responsibility. Since 2011, the bank has donated vehicles worth a total of 2.86 billion won to 138 institutions across the country. 'Eximbank is dedicated to supporting multicultural families and helping new social members settle into Korean society,' said Yoon. 'We will continue our efforts to fulfill corporate social responsibility as a trusted partner in international cooperation.'
Korea Herald
02-04-2025
- Business
- Korea Herald
Korea Eximbank to inject W7tr into EDCF by 2027
The Export-Import Bank of Korea said Wednesday it will allocate 7 trillion won ($4.78 billion) to its Economic Development Cooperation Fund by 2027, aiming to bolster South Korea's supply chain network through policy financing for developing economies. The state-run lender outlined its midterm EDCF strategy for the 2025-2027 period during a 2025 EDCF Strategy Meeting with industry officials held in Seoul on Tuesday. Eximbank manages the EDCF on behalf of the government, providing long-term, low-interest loans to support industrial growth and economic stability in developing nations while facilitating the global expansion of Korean companies. Under the three-year plan, the bank has approved 14.1 trillion won in EDCF loans, with 7 trillion won set to be executed during the period. Eximbank's EDCF operation committee reviews and updates the mid-term plan annually. While funding will focus on green energy, digital transformation and supply chains, the bank also plans to strengthen supply chain connectivity through government-led financing initiatives, including the EDCF, supply chain funds and other policy financing programs. It will also seek to identify large-scale landmark projects. During the event, Eximbank Senior Executive Director Hwang Ki-yeon said, "The bank will launch around 40 EDCF projects this year, totaling 4 trillion won, aiming to expand the foundation for the overseas expansion of domestic companies and support their bidding opportunities."
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Korea Herald
25-03-2025
- Business
- Korea Herald
[Advertorial] Eximbank issues $1b Aussie 'Kangaroo' bonds
The Export-Import Bank of Korea issued two bonds worth a combined 1 billion Australian dollars ($631 million), the policy lender announced Friday. Eximbank's issuance of the kangaroo bonds, fixed-income investments issued in the Australian market by offshore firms, comes as various policy lenders in Korea, including the Korea Development Bank and Industrial Bank of Korea, have been offering such bonds in recent years to secure liquidity from the overseas capital market. One of the bonds Eximbank offers is AU$800 million in size with a five-year maturity. Of the amount, AU$200 million was sold at an interest rate of 4.63 percent, while AU$600 million tracks Australia's three-month bank bill swap rate, which currently stays at 4.12 percent, with a margin of 78 basis points. The other is worth AU$200 million with a 10-year maturity. The bond was sold at an interest rate of 5.332 percent. Prior to issuing the bonds, Eximbank held one-on-one meetings with investors in Australia and Singapore to resolve concerns associated with the ongoing political uncertainty in Korea. "Despite the uncertainties in and out of Korea, the central bank, asset managers and new Australian investors participated in the deal, once again proving the solid credit rating of Eximbank and Korea,' an official from Eximbank said. silverstar@
Korea Herald
23-03-2025
- Business
- Korea Herald
Eximbank issues $1b Aussie 'Kangaroo' bonds
The Export-Import Bank of Korea issued two bonds worth a combined 1 billion Australian dollars ($631 million), the policy lender announced Friday. Eximbank's issuance of the kangaroo bonds, fixed-income investments issued in the Australian market by offshore firms, comes as various policy lenders in Korea, including the Korea Development Bank and Industrial Bank of Korea, have been offering such bonds in recent years to secure liquidity from the overseas capital market. One of the bonds Eximbank offers is AU$800 million in size with a five-year maturity. Of the amount, AU$200 million was sold at an interest rate of 4.63 percent, while AU$600 million tracks Australia's three-month bank bill swap rate, which currently stays at 4.12 percent, with a margin of 78 basis points. The other is worth AU$200 million with a 10-year maturity. The bond was sold at an interest rate of 5.332 percent. Prior to issuing the bonds, Eximbank held one-on-one meetings with investors in Australia and Singapore to resolve concerns associated with the ongoing political uncertainty in Korea. "Despite the uncertainties in and out of Korea, the central bank, asset managers and new Australian investors participated in the deal, once again proving the solid credit rating of Eximbank and Korea,' an official from Eximbank said.
