Hong Kong-based Cleary Gottlieb partner Jinduk Han has led the US firm's team advising UBS as sole manager on a Reg S/144A offering by the Export-Import Bank of Korea (KEXIM).

The offering of US$150m 4.125% notes, due 2009, and US$200m 5.25% notes, due 2014, follows KEXIM's February offering of US$500m 4.125% notes, due 2009, and US$500m 5.25% notes, due 2014.

The transaction was a takedown from KEXIM's US$4bn Euro Medium-Term Note Program, with the notes listed on the London Stock Exchange.

KEXIM, which is Korea's official export credit agency, was established in 1976 pursuant to the Export-Import Bank of Korea Act as a special government financial institution.