The Export-Import Bank of Korea in $1 Billion Debt Offering
March 16, 2005
Cleary Gottlieb represented The Export-Import Bank of Korea (KEXIM) in its U.S. registered offering of $400 million 4.625% notes due 2010 and $600 million 5.125% notes due 2015. The notes are listed on the Luxembourg Stock Exchange and registered with the U.S. Securities and Exchange Commission. Barclays, Citigroup and Credit Suisse First Boston were the joint lead managers and bookrunners for the notes offering.
KEXIM was established in 1976 as a special governmental financial institution under the Export-Import Bank of Korea Act to promote the Korean economic development and cooperation with foreign countries by extending financial aid required for export and import transactions, overseas investment and the development of natural resources abroad.