KEXIM in AUD 400 Million Offering

October 8, 2019

Cleary Gottlieb served as transaction counsel in a Reg. S offering by The Export-Import Bank of Korea (KEXIM) of AUD 400 million floating-rate notes due 2024 under its $25 billion global medium-term note program.

Standard Chartered Bank (Taiwan) Limited served as bookrunner and lead manager and Cathay United Bank Co. Ltd., CTBC Bank Co. Ltd., KGI Bank, Mega International Commercial Bank Co. Ltd., President Securities Corp., SinoPac Securities Corp., and Taishin International Bank Co. Ltd. served as co-managers for the offering. The offering priced on September 19, 2019, and closed on October 8, 2019. The notes were dually listed on the Taipei Exchange and the Singapore Exchange.

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.