The Korea Development Bank in $750 Million Notes Offering

September 14, 2012

Cleary represented The Korea Development Bank in its SEC-registered offering of $750 million 3.000% notes due 2022. The transaction was a takedown from KDB’s shelf registration statement under Schedule B. The deal closed on September 14.

The notes were listed on the Singapore Exchange. Credit Suisse, HSBC, J.P. Morgan, KDB Asia, Morgan Stanley and The Royal Bank of Scotland were the joint lead managers and bookrunners 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.