Korea Development Bank in $1 Billion Notes Offering
July 20, 2004
Cleary Gottlieb represented The Korea Development Bank (“KDB”) in a $1 billion offering of 4.75% notes due 2009. The notes were listed on the Luxembourg Stock Exchange and registered with the Securities and Exchange Commission. Barclays, CSFB and HSBC were the joint lead managers and bookrunners for the notes offering, which closed today.
KDB was established in 1954 as a government-owned financial institution pursuant to the Korea Development Bank Act, as amended. Since its establishment, KDB has been the leading bank in Korea with respect to the provision of long-term financing for projects designed to assist Korea’s economic growth and development.