The Export-Import Bank of Korea in €750 Million Securities Offering

Cleary Gottlieb represented The Export-Import Bank of Korea (“KEXIM”) in its SEC-registered offering of €750 million 4.625% notes due 2017. The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B. The closing took place on February 20, 2007.

The notes were listed on the Singapore Stock Exchange. Citigroup, DEPFA Bank, Deutsche Bank, Merrill Lynch and UBS were the joint lead managers and 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.