KEXIM in $300 Million Offering

September 28, 2017

Cleary Gottlieb represented The Export-Import Bank of Korea (KEXIM) in an offering by Hanjin International Corp. of $300 million floating-rate notes due 2020, unconditionally and irrevocably guaranteed by KEXIM.

The notes were listed on the Singapore Exchange. The offering priced on September 25, 2017, and closed on September 28, 2017. BNP Paribas, Daiwa Capital Markets Europe Limited and Goldman Sachs International were the joint lead managers, and KEXIM Bank (UK) Limited was a co-manager.

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.