Hana Bank in $1 Billion Debt Offering

April 9, 2009

Cleary Gottlieb represented Barclays Capital, Citi, Credit Suisse, Goldman Sachs, HSBC, ING and Hana Daetoo Securities as joint lead managers in a Rule 144A and Reg. S offering by Hana Bank of $1 billion of 6.5% notes due 2012 guaranteed by the Republic of Korea under Hana Bank’s $6 billion Global Medium Term Note Program. This was the first debt offering by a Korean bank under the guarantee program established by the Korean government in October 2008 to guarantee foreign currency-denominated debt incurred by Korean banks and their overseas branches. The closing took place on April 9, 2009.

Hana Bank is the fourth-largest commercial bank in Korea based on total deposits and assets. Founded in June 1971 as Korea’s first short-term finance and investment company, Hana Bank provides a wide range of products and services to its customers, which include large corporations, small- and medium-sized enterprises and individuals.