Cleary Gottlieb represented The Korea Development Bank in its U.S. registered offering of $750 million 4.625% notes due 2010.
The notes were listed on the Singapore Stock Exchange. HSBC, JPMorgan and Merrill Lynch & Co. were the joint bookrunners for the notes offering.
KDB was established by legislation in 1954 as a government-owned financial institution. Since then, it has been the leading bank in Korea for long-term project financing designed to assist Korea’s economic growth and development.