KEXIM in Notes Offering

March 15, 2016

Cleary Gottlieb served as transaction counsel in an offering of €750 million 0.375% notes due 2019 by The Export-Import Bank of Korea under its $25 billion Euro Medium Term Note Programme.

Credit Suisse, Deutsche Bank, HSBC, Société Générale and UBS served as joint bookrunners and joint lead managers for the offering, which priced on March 8 and closed on March 15.  The notes were listed on the Frankfurt Stock Exchange Open Market 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.