Doosan Heavy Industries & Construction and The Export-Import Bank of Korea in $500 Million Guaranteed Notes Offering

April 27, 2015

Cleary Gottlieb represented Doosan Heavy Industries & Construction Co. and The Export-Import Bank of Korea in a Rule 144A / Reg. S offering by DHIC of $500 million 2.125% notes due 2020 guaranteed by KEXIM. The offering priced on April 20 and closed on April 27. The notes were listed on the Singapore Exchange, and HSBC, J.P. Morgan and Morgan Stanley were the joint lead managers for the offering.

DHIC is Korea‚Äôs largest and a leading international manufacturer of advanced power generation solutions. It is also a member company of the Doosan Group, which was founded in 1896 and is one of the twenty largest business groups in Korea.

KEXIM was established in 1976 as a special governmental financial institution pursuant to the Export-Import Bank of Korea Act to promote the sound development of the Korean economy and economic cooperation with foreign countries by extending the financial aid required for export and import transactions, overseas investment and the development of natural resources abroad.