Korea Land & Housing Corporation’s $159 Million Notes Offering

Simpson Thacher, acting as sole international counsel, represented The Hongkong and Shanghai Banking Corporation Limited as Dealer in connection with the offering of HK$1.25 billion Floating Rate Notes due 2021 by Korea Land & Housing Corporation under its US$2.5 billion Global Medium Term Notes Program.

The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended, and settled through the Central Moneymarkets Unit (CMU) Service operated by the Hong Kong Monetary Authority.

Korea Land & Housing Corporation is a government-controlled corporation primarily engaged in land, housing and urban development projects in Korea, including those mandated by the Korean government to promote the welfare of low income households and individuals and a balanced development of national territory.

The Simpson Thacher team for the transaction included Jin Park (Picture), Joongwon Park and Heesu Kim (Corporate).

Involved fees earner: Heesu Kim – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: HSBC;

Author: Michael Patrini