The Export-Import Bank of Korea in $125 Million Notes Offering

Cleary Gottlieb represented The Export-Import Bank of Korea in its SEC-registered offering of $125 million floating rate notes due 2017. The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The offering priced on August 17 and closed on August 20. Goldman Sachs was the lead manager 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.