The Export-Import Bank of Korea in $1.5 Billion Notes Offering

July 14, 2009

Cleary Gottlieb represented The Export-Import Bank of Korea (“KEXIM”) in its SEC-registered offering of $1.5 billion 5.875% notes due 2015. The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The closing took place on July 14.

The notes were listed on the Singapore Stock Exchange. Barclays Capital, Credit Suisse, Deutsche Bank, Merrill Lynch and Morgan Stanley were the joint bookrunners and lead managers for the offering.

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.