Amid Nuclear Taunts, Korean Bond Giant Turns to Swiss Debt
- Kexim sold its first Swiss franc bond in three years in 2017
- The bank is interested in more sales this year, treasurer says
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South Korea’s biggest issuer of international bonds is looking to sell more debt in Swiss francs, part of a diversification drive as tensions on the Korean peninsula continue to percolate.
Export-Import Bank of Korea, a state-run lender to Korean shipbuilders selling vessels overseas and to firms engaged in natural resource development around the world, issued a 250 million franc ($256 million) note in June. That was its first in the Swiss currency in three years, according to data compiled by Bloomberg. The bank is interested in selling more franc-denominated debt this year, Treasurer Yoon Hee-sung said in an interview.