Korea Resources Corporation Makes $500 Million Notes Offering

April 19, 2016

Cleary Gottlieb represented BNP Paribas, Bank of America Merrill Lynch, Citigroup and HSBC, as joint bookrunners and joint lead managers, in a Reg S offering of $500 million 2.25 percent notes due 2021 by Korea Resources Corporation under its $3 billion Global Medium Term Note Program.

The offering priced on April 11 and closed on April 19. The notes were listed on the Singapore Exchange.

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.