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Commentary & Deal Flow

NEW ISSUE: Korea Credit Guarantee Fund US$ bmk 3yr Sr Unsec; T+70a

IGC APAC Market: Deal Flow - SSAIGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

IPT

ISIN

Korea Credit Guarantee Fund

3yr

28-May-29

bmk

Sr Unsec

Fixed

T+70a

XS3382828260 (144A)/ XS3382828187 (Reg S)


IPTs: 3yr: T+70a

  • Issuer: KODIT Global 2026-1 Co., Ltd.
  • Issuer LEI: 9884004B8B82DD9SRO95
  • Guarantor: Korea Credit Guarantee Fund
  • Guarantor LEI: 9884001XL6IT2Z91ZA14
  • Guarantor Ratings: Aa2/AA (Moody's/S&P)
  • Expected Issue Ratings: Aa2/AA (Moody's/S&P)
  • Format: 144A / 3c7 / Reg S
  • Type: Fixed Rate, Guaranteed Senior Unsecured Bond
  • Guarantee: Unconditional and irrevocable guarantee for the due and punctual payment of all sums from time to time payable by the Issuer in respect of the Bonds. The Guarantee relating to the Bonds constitutes a direct, general and unconditional obligation of the Guarantor which will be unsecured and will rank pari passu with all other present and future unsecured and unsubordinated obligations of the Guarantor.
  • Size: US$ Benchmark
  • Tenor: 3-year
  • Settlement Date: 28-May-26
  • Initial Price Guidance: CT3+70 bps area
  • COC Put: At Par, when Korea ceases to control (directly or indirectly) the Guarantor or for any reason fails to provide the financial support to the Guarantor stipulated by Article 41 of The Korea Credit Guarantee Fund Act of 1975, as amended ("Article 41") or Article 41 is amended in a manner which prejudices the rights of the holders of the Bonds, or is repealed.
  • Use of Proceeds: General Corporate Purposes
  • Terms: SGX Listing, US$200k/1k Denoms, English Law
  • Joint Bookrunners: HSBC, Standard Chartered Bank (B&D), UBS
  • ISIN:
    • 144A: XS3382828260
    • Reg S: XS3382828187
  • Online Roadshow: www.netroadshow.com / Entry Code: KODIT2026
  • Timing: Today’s business (during New York hours)