Korea Eximbank announced on October 14 that it has successfully issued a USD 1 billion global bond. The conditions of issuance included a 10-year US Treasury bond rate with a spread of 1.60% to total 4.075%.

Despite the bond's long-term maturity of 10 years and 3 months, Korea Eximbank successfully issued the bond with the lowest spread among Korean global bonds and reinforced the Bank's position as the benchmark creditor institution in Korea. In addition, with detailed analysis of market conditions, Korea Eximbank issued the global bond with the lowest level of yield to maturity among 10-year bonds in the market.

Through the issuance of the global bond, Korea Eximbank secured necessary financial resources to support Korean enterprises in large scale, mid- to long-term overseas projects such as nuclear power plants and overseas resource development. In addition, the Bank was able to contribute to alleviating the concentration of Korean bonds with 5.5-6 year maturities.
* In 2010, global bonds with 5-6 year maturity accounted for 89% of global bonds issued by Korean financial institutions.

< Main Conditions of Issuance >
- Type of Issuance: Global Bond (US dollar)
- Maturity: 10 years 3 months
- Amount: USD 1 billion
- Rate: 4.075% (US Treasury bond rate + 1.60%)
- Underwriter: Barclays, BofA-Merrill Lynch, HSBC, JP Morgan, Morgan Stanley, Woori Investment & Securities
* With consideration to the redemption schedule, 10 year and three month maturity was chosen, which is three months longer than the common 10 year maturity.

Following the last global bond issuance with 10 year maturity in June, Korea Eximbank has succeeded once again in issuance of long-term bonds with maturity longer than 10 years. This has reassured that investors worldwide have trust in Korean economy, and also has contributed to diversification of investors and maturity structure.

The investors are 48% from the USA, 11% from Europe, and 41% from Asia. And 53% of the investors are asset management firms, 16% insurance firms, 12% private banking firms, 10% commercial banks, and 9% central banks, which are mainly big institutional investors.

In 2010, Korea Eximbank has also put efforts for pioneering into niche markets by issuing local bonds in 11 countries including Thailand, Brazil, and Malaysia, which sums up to USD 2.8 billion in total.