KEXIM news

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).

Cleary Gottlieb Steen & Hamilton has served as transaction counsel in a ¬300m offering by the Export-Import Bank of Korea of floating rate notes due 2009. Hong Kong-based partner Jinduk Han led the firm's team, which included London-based associate Jonathan Hay providing tax advice.

Herbert Smith, Ashurst, White & Case and Trowers & Hamlins have all played a role in advising on the world’s largest power project financing thus far this year – Abu Dhabi’s US$1.5bn Shuweihat 3 independent power plant (IPP) project. According the Herbert Smith’s lead partner on the deal, Andrew Newberry, the project is a landmark partnership between Japanese and Korean investors in a Middle East energy financing project.