Lotte Shopping in Won 321.2 Billion Exchangeable Bond Offering

January 24, 2013

Cleary Gottlieb represented Lotte Shopping Co. in its Reg S offering of Won 321.2 billion U.S. Dollar-settled zero coupon exchangeable bonds due 2018. The bonds are listed on the Singapore Stock Exchange. BofA Merrill Lynch, Citigroup, Goldman Sachs, HSBC, Nomura and UBS served as joint bookrunners and joint lead managers for the offering, which closed on January 24.

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.