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

October 17, 2007

Cleary Gottlieb represented The Export-Import Bank of Korea in its SEC-registered offering of US$1.5 billion 5.50% notes due 2012. The offering, a takedown from KEXIM’s shelf registration statement under Schedule B, closed on October 17.

The notes were listed on the Singapore Stock Exchange. ABN AMRO, BNP Paribas, Merrill Lynch and Morgan Stanley were the joint lead managers and bookrunners for the 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.