SK Telecom in $700 Million GMTN Takedown

November 1, 2012

Cleary Gottlieb represented SK Telecom in its Rule 144A/Reg S offering of $700 million 2.125% notes due 2018 under its $3 billion Global Medium Term Note Programme. The notes are listed on the Singapore Exchange. Barclays, BofA Merrill Lynch, Credit Suisse, Deutsche Bank, HSBC and UBS were the joint bookrunners and joint lead managers. The offering priced on October 24 and closed on November 1.

SK Telecom is a leading wireless telecommunications services and wireless data and Internet services provider in Korea. SK Telecom’s common shares are listed on the Korea Exchange and its American depositary shares are listed on the New York Stock Exchange.