Korea Electric Power Corporation’s $3 Billion GMTN Programme Update and $500 Million Green Bond Senior Notes Offering

Simpson Thacher advised the underwriters on the deal.

Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank and Merrill Lynch International, acted as dealers, in connection with the update of the US$3 billion Global Medium Term Note programme of Korea Electric Power Corporation.

Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank and Merrill Lynch International, acted as joint lead managers, in connection with the offering of US$500 million 2.5% Green Bond Senior Notes due 2024 by Korea Electric Power Corporation under its Global Medium Term Note programme.

The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.

Korea Electric Power Corporation is an integrated electric utility company engaged in the transmission and distribution of substantially all of the electricity in Korea. Through its six wholly owned generation subsidiaries, Korea Electric Power Corporation also generate the substantial majority of electricity produced in Korea. As a predominant market participant in the Korean electric power industry, Korea Electric Power Corporation is providing a full range of services such as power plant construction and specialized engineering and maintenance services primarily in Korea. Korea Electric Power Corporation is listed on the Korea Exchange and the New York Stock Exchange.

The Simpson Thacher team for the transaction included Jin Hyuk Park (Picture), Joongwon Park and Heesu Kim (Corporate – Hong Kong); Jonathan Cantor and Sarah Julian Duffy (Tax); Jeanne M. Annarumma (ERISA); and Jennie Getsin (Blue Sky).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Heesu Kim – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Crédit Agricole Corporate and Investment Bank; Merrill Lynch International;