Cleary Gottlieb represented BofA Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs International and HSBC as joint bookrunners and joint lead managers in a Rule 144A/Reg S offering by KT Corporation of $650 million 1.750% notes due 2017 and $350 million 2.625% notes due 2019. The closing took place on April 22, 2014.
KT Corporation is the leading telecommunications service provider in Korea and one of the largest and most advanced in Asia. As an integrated telecommunications service provider, KT Corporation provides a wide range of telecommunications products and services to its customers, which include mobile, fixed-line and broadband internet services.