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FOREIGN EXCHANGE | Cesar Tordesillas, Korea

Korea Finance raises US$750 M via debt sale

Korea Finance Corp. has raised US$750 million by floating dollar-denominated bonds.


The move is part of the South Korea's state-run policy lender its efforts to bolster foreign currency funds.

The bonds, which mature in 10 years, carry an interest rate of 4.663 percent, or 2.41 percentage points above the LIBOR, according to KoFC.

Around half of the investors were from the United States, followed by Asian investors at 36 percent and European investors at 13 percent, according to KoFC.

Earlier this year, KoFC floated bonds denominated in Swiss francs and Japanese yen.

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