The Export-Import Bank of Korea Issues CAD 300 Million Notes Offering

March 13, 2017

Cleary Gottlieb served as transaction counsel in an offering of CAD 300 million 1.927 percent notes due 2020 by The Export-Import Bank of Korea under its $25 billion global medium-term note program.

BofA Merrill Lynch, RBC Capital Markets and TD Securities served as joint bookrunners and joint lead managers for the offering, which priced on February 16, 2017, and closed on February 24, 2017.

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.