Cleary Gottlieb served as transaction counsel in a Reg S offering of $300 million 1.375% notes due 2027 by KT Corporation (KT).
BNP Paribas, Citigroup, and Crédit Agricole Corporate and Investment Bank served as initial purchasers for the offering, which closed on July 21, 2021. The notes are listed on the Singapore Stock Exchange.
KT, whose shares are listed on the NYSE, is a leading telecommunication service provider in Korea. As an integrated telecommunications service provider, KT’s principal services include fixed-line telephone services, broadband internet access service, and mobile telecommunication services.