KEXIM’s $200 Million Offering

October 11, 2017

Cleary Gottlieb served as transaction counsel in an offering of $200 million zero coupon notes due 2047 by The Export-Import Bank of Korea (KEXIM) under its $25 billion global medium-term note program.

E.Sun Commercial Bank, Ltd. and Fubon Securities Co., Ltd. served as joint lead managers and Morgan Stanley acted as structuring agent for the offering, which priced on September 19, 2017, and closed on October 11, 2017. The notes were listed on the Taipei 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.