The Korea Development Bank in $750 Million Notes Offering

Cleary Gottlieb represented The Korea Development Bank in its SEC-registered offering of $750 million 3.00% notes due 2019. The transaction was a takedown from KDB’s shelf registration statement under Schedule B. The offering priced on September 10, 2013 and closed on September 17, 2013.

The notes were listed on the Singapore Exchange. Citigroup, Credit Suisse, Deutsche Bank, KDB Asia, Mizuho Securities and Standard Chartered Bank were the joint bookrunnners 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.