The credit agency sold two $500 million tranches of notes to extend loans and repay debt.
August 13, 2014 at 05:10 AM
1 minute read
The original version of this story was published on Global Lawyer News
Cleary Gottlieb Steen & Hamilton and Davis Polk & Wardwell have had the lead roles on Export-Import Bank of Korea’s $1 billion notes offer.
Korea’s export credit agency, also known as KEXIM, sold one $500 million tranche in five-year notes and one $500 million tranche in 12-year bonds. Proceeds will be used to extend loans, repay existing debt and for other general operation purposes.
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