The Export-Import Bank of Korea said Thursday that it has successfully issued global bonds worth two-and-a-half billion dollars through investment from worldwide investors.
 
With the exclusion of government bonds, two-point-five billion dollars is the largest to be issued by a South Korean agency to date.
 
The financial product comprises several different bonds with different maturities and interest rates. 
 
The interest rate for a three-year floating-rate bond is the three-month London Interbank Offered Rate(LIBOR) plus zero-point-seven percentage points. Three-year fixed-rate bonds will offer the spread of zero-point-775 percentage points over three-year U.S. Treasuries.
 
The Export-Import Bank will use the funds from the bonds' issuance to finance South Korea's overseas construction projects and development of natural resources.