The Export-Import Bank of Korea US$1 Billion Notes Offerings

Davis Polk advised the underwriters in connection with concurrent SEC-registered Schedule B debt offerings by KEXIM of US$600 million aggregate principal amount of its 2.625% notes due 2020 and US$400 million re-opening of its 3.250% notes due 2026. The 2026 notes are consolidated and form a single series of notes with KEXIM’s US$500 million aggregate principal amount of 3.250% notes due 2026, which were issued on August 12, 2014.  

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 and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.