Korea Resources Corporation in $500 Million Global Medium Term Note Takedown

May 2, 2013

Cleary Gottlieb represented Citigroup, Deutsche Bank, HSBC, The Korea Development Bank and Standard Chartered Bank, as joint bookrunners and joint lead managers, in a Rule 144A/Reg S offering of $500 million 2.125% notes due 2018 by Korea Resources Corporation under its $3 billion Global Medium Term Note Programme. The notes were listed on the Singapore Exchange. The offering priced on April 25 and closed on May 2.

Established as a statutory juridical entity in 1967 under the Korea Resources Corporation Act, Korea Resources Corporation is a wholly state-owned enterprise that serves as the execution arm of the Korean government for mineral resources-related policies of Korea. Korea Resources Corporation is mandated to secure a stable supply of key mineral resources, both domestically and overseas, that are strategically important to Korea’s economic development.