Cleary Gottlieb served as transaction counsel in an offering of SGD 200 million 2.318 percent notes due 2022 by The Export-Import Bank of Korea (KEXIM) under its $25 billion global medium-term note program.
DBS Bank Ltd. and Standard Chartered Bank served as joint bookrunners and joint lead managers for the offering, which priced on September 20, 2017, and closed on September 27, 2017. The notes were listed on the Singapore Stock 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.