Korea Finance Corporation in $750 Million Notes Offering

November 16, 2011

Cleary Gottlieb represented Korea Finance Corporation in its SEC-registered offering of $750 million 4.625% notes due 2021. The transaction was the first takedown from KoFC’s shelf registration statement under Schedule B. The notes were listed on the Singapore Stock Exchange. BofA Merrill Lynch, Credit Suisse, HSBC, the Royal Bank of Scotland and Daewoo Securities were the joint bookrunners for the offering. The deal closed on November 16.

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.