KEXIM’s €750 Million Notes Offering
March 26, 2019
Cleary Gottlieb served as transaction counsel in an offering of €750 million 0.375% notes due 2024 by The Export-Import Bank of Korea (KEXIM) under its $25 billion global medium-term note program.
J.P. Morgan Securities plc, Société Générale, Standard Chartered Bank, and UBS Investment Bank served as joint bookrunners and joint lead managers for the offering, which priced on March 18, 2019, and closed on March 26, 2019. 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.