Korea Finance Corporation in $500 Million Registered Offering

August 7, 2012

Cleary Gottlieb represented Korea Finance Corporation in its SEC-registered offering of $500 million 2.25% notes due 2017. The transaction was a takedown from KoFC’s shelf registration statement under Schedule B. The notes were listed on the Singapore Exchange. BofA Merrill Lynch, Deutsche Bank, HSBC, Korea Development Bank and Morgan Stanley were the joint bookrunners for the offering. The deal closed on August 7.

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.