Korea Gas Corporation in $750 Million Global Medium Term Note Takedown

January 20, 2012

Cleary Gottlieb served as U.S. counsel to Korea Gas Corporation in its Rule 144A/Reg S offering of $750 million 6.250% Notes due 2042, which was a takedown from its $5 billion Global Medium Term Note Program. The notes were listed on the Singapore Exchange. Deutsche Bank, Goldman Sachs International, J.P. Morgan, Morgan Stanley and UBS served as joint bookrunners and joint lead managers in the transaction. The offering priced on January 12 and closed on January 20.

Korea Gas Corporation was incorporated in 1983 by the Korean government to facilitate the development of the natural gas industry in Korea. It is the largest importer of liquefied natural gas in the world and the only wholesale distributor of natural gas in Korea.