▲ The headquarters of the Export-Import Bank of Korea in Seoul (Yonhap)

Exim Bank-debt sale

Exim Bank raises US$2 bln via bond sale

SEOUL, July 14 (Yonhap) -- The state-run Export-Import Bank of Korea (Exim Bank) said Tuesday it has raised US$2 billion by selling bonds overseas.

The debt sale came in two tranches -- $1 billion in three-year, fixed rate bonds and $1 billion in five-year, fixed rate debt.

The policy lender had been planning to float the debt in September this year but decided to advance the debt offering to fund key industrial policies for the artificial intelligence, semiconductor and bio sectors.

The Exim Bank is seeking to raise $17 billion by borrowing from overseas and selling debts overseas this year.

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