The Export-Import Bank of Korea in $300 Million Notes Reopening

September 3, 2013

Cleary Gottlieb represented The Export-Import Bank of Korea in its SEC-registered offering of $300 million 3.75% notes due 2016. The transaction was a reopening of a takedown from KEXIM’s shelf registration statement under Schedule B of $700 million 3.75% notes due 2016 issued on April 20, 2011. The offering priced on August 28, 2013 and closed on September 3, 2013.

The notes were listed on the Singapore Exchange. HSBC was the sole bookrunner 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.