Davis Polk advised the underwriters in connection with an SEC-registered Schedule B debt offering by KEXIM of $400 million aggregate principal amount of its 2.125% notes due 2021. The net proceeds from the offering will be used by KEXIM to extend loans to fund projects that promote the transition to low-carbon and climate-resilient growth.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.

The Davis Polk corporate team included partner Eugene C. Gregor and registered foreign lawyer Tae-Hun Kim. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Tokyo, Hong Kong and London offices.