The Export-Import Bank of Korea’s ZAR 600 Million Offering

November 27, 2019

Cleary Gottlieb served as transaction counsel in a Reg. S offering by The Export-Import Bank of Korea (KEXIM) of ZAR 600 million 8.43% notes due 2026 under its $25 billion global medium-term note program.

SG Securities (HK) Limited, Taipei Branch served as bookrunner and lead manager, and CTBC Bank Co. Ltd., E.SUN Commercial Bank Ltd., and KGI Bank Co. Ltd. served as co-managers for the offering. The offering priced on November 18, 2019, and closed on November 27, 2019. The notes were dually listed on the Taipei Exchange and the Singapore Exchange.

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.