Lotte Shopping in $400 Million Notes Offering

May 9, 2012

Cleary Gottlieb represented Lotte Shopping Co. in its Rule 144A/Regulation S offering of $400 million 3.375% notes due 2017. The notes are listed on the Singapore Stock Exchange. BNP Paribas, Citi and Goldman Sachs served as joint bookrunners for the offering. The transaction closed on May 9.

Lotte Shopping is one of the leading retail companies in Korea, with an expanding overseas presence, and operates the largest department store chain in Korea as well as discount stores in Korea and in overseas markets.