Korea Resources Corporation’s $350 Million Notes Offering

April 29, 2015

Cleary Gottlieb represented BNP Paribas, Citigroup and HSBC, as joint bookrunners and joint lead managers, in a Rule 144A/Reg S offering of $350 million 2.25% notes due 2020 by Korea Resources Corporation under its $3 billion Global Medium Term Note Program. The offering priced on April 23 and closed on April 29. 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.