KEXIM in $150 Million Notes Offering and $150 Million Senior Loan Facility by KEXPORT LEASING 2015

August 11, 2015

Cleary Gottlieb represented The Export-Import Bank of Korea in (i) the offering by KEXPORT LEASING 2015 of $150 million floating rate notes due 2025 pursuant to Regulation S and (ii) the establishment of, and the drawdown under, US$150 million senior loan facility by KEXPORT, both of which were guaranteed by KEXIM. The notes offering priced on July 15 and closed on July 22, and the senior loan facility was established on August 7 and drawn down on August 11. The notes were listed on the Singapore Exchange, and BNP Paribas and Daiwa Securities were the joint lead managers and SMBC Nikko was a co-manager for the notes offering, while Standard Chartered was the arranger for the senior loan facility.

KEXPORT LEASING 2015 is an exempted company incorporated with limited liability under the laws of the Cayman Islands.

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.