The Export-Import Bank of Korea in $800 Million Securities Offerings

October 4, 2006

Cleary Gottlieb represented The Export-Import Bank of Korea (“KEXIM”) in connection with its offerings of US$300,000,000 5.375% notes due 2016 and US$500,000,000 floating rate notes due 2011. The transaction was a takedown from KEXIM’s US$8 billion Euro Medium Term Note Programme.

The notes were listed on the Singapore Stock Exchange. Barclays Capital, Credit Suisse, Morgan Stanley and UBS Investment Bank were the joint lead managers and bookrunners for the notes offerings.

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.