The Export-Import Bank of Korea in $1.75 Billion Dual Tranche Notes Offering

November 10, 2015

Cleary Gottlieb represented The Export-Import Bank of Korea in its SEC-registered offering of $750 million 2.50% notes due 2021 and $1 billion 3.25% notes due 2025. The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The offering priced on November 2 and closed on November 10.

The notes were listed on the Singapore Exchange. ANZ Securities, Barclays, BNP PARIBAS, Merrill Lynch, Citigroup and Société Générale were the joint bookrunners 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.