Cleary, Gottlieb, Steen & Hamilton has advised The Export-Import Bank of Korea on a $1 billion notes issue.
The ten-year notes are listed on the Singapore Exchange and registered with the U.S. Securities and Exchange Commission. The state-controlled Korean bank, which is better known as Kexim, focuses on providing export credit to support Korean overseas trade and is a frequent issuer of bonds. It will use the proceeds of the issue to extend foreign currency loans and repay existing debt, according to a filing with the SEC.
