Hynix Semiconductor in $471.1 Million Convertible Notes Offering

September 29, 2006

Cleary Gottlieb represented Hynix Semiconductor Inc. in its offering of $471.1 million Zero Coupon Convertible Notes due 2011. The offered Notes are convertible into Hynix’s common shares and GDSs. The Notes are listed on the Singapore Stock Exchange. Credit Suisse, Deutsche Bank, Merrill Lynch & Co. and Woori Investment & Securities acted as joint bookrunners.

Hynix Semiconductor is the world’s third largest provider of DRAM and NAND flash memory in terms of revenue.