KEXIM in $500 Million Offering

February 12, 2020

Cleary Gottlieb represented The Export-Import Bank of Korea (KEXIM) in its SEC-registered offering of $500 million 1.875% notes due 2025.

The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The offering priced on February 5, 2020, and closed on February 12, 2020.

The notes were listed on the Singapore Exchange. BofA Securities, J.P. Morgan, and Morgan Stanley were the joint bookrunners and lead managers for the offering.

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.