The Export-Import Bank of Korea (KEXIM) said Friday it successfully issued the first global bond under the Supply Chain Stabilization Fund.
The government-guaranteed foreign currency bond was issued at $500 million with a five-year maturity. The coupon was set at 0.27 percentage points above the five-year U.S. Treasury yield.
KEXIM plans to channel the proceeds primarily into a special support program for companies affected by the recent geopolitical crisis in the Middle East. The funding will be used to stabilize the supply and demand of economic security items with high dependence on the Middle East and to secure alternative import sources.
"Despite heightened financial market volatility, we attracted solid investor demand on the back of our government's top-tier credit rating," a KEXIM official said. "We will ensure that supply chain security funds are deployed where they are needed most, so that our economy can keep moving forward amid global crises."
The Supply Chain Stabilization Fund was established at KEXIM in 2024 to respond to the reshaping of global supply chains. It has supported supply chain projects worth 10 trillion won ($7.3 billion) to date.