Korea Finance Corporation in $500 Million Notes Offering

August 22, 2013

Cleary Gottlieb represented Korea Finance Corporation in its SEC-registered offering of $500 million 2.875% notes due 2018. The transaction was a takedown from KoFC’s shelf registration statement under Schedule B. The offering priced on August 15, 2013 and closed on August 22, 2013.

The notes were listed on the Singapore Exchange. BofA Merrill Lynch, Citigroup, Deutsche Bank, Korea Development Bank and UBS were the joint bookrunners for the offering.

KoFC was established in October 2009 as a government-owned policy finance institution pursuant to the Korea Finance Corporation Act in order to strengthen national competitiveness, to promote job growth in Korea, and to contribute to the sound growth of the financial markets and the national economy of Korea.