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Korea Finance raises US$750 mln via debt sale

All Headlines 11:36 November 09, 2011

SEOUL, Nov. 9 (Yonhap) -- South Korea's state-run policy lender Korea Finance Corp. (KoFC) said Wednesday it has raised US$750 million by floating dollar-denominated bonds as part of 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.

The policy lender said it had originally aimed to issue bonds worth $500 million, but scaled up the amount on the back of robust orders.

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.

The policy lender has been stepping up efforts to sell bonds to global investors. Earlier this year, KoFC floated bonds denominated in Swiss francs and Japanese yen.


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