The Korea Development Bank in $250 Million Notes Reopening

August 27, 2013

Cleary Gottlieb represented The Korea Development Bank in its SEC-registered offering of $250 million 4.00% notes due 2016. The transaction was a reopening of a takedown from KDB’s shelf registration statement under Schedule B of $750 million 4.00% notes due 2016 issued on March 9, 2011. The offering priced on August 22, 2013 and closed on August 27, 2013.

The notes were listed on the Singapore Exchange. HSBC was the sole bookrunnner for the offering.

KDB was established in 1954 as a government-owned financial institution pursuant to the Korea Development Bank Act, as amended. Since its establishment, KDB has been the leading bank in Korea with respect to the provision of long-term financing for projects designed to assist Korea’s economic growth and development