KEB Hana Bank’s $10 Billion GMTN Program Update and $650 Million Dual Tranche Notes Offering


Simpson Thacher, acting as sole international counsel, represented UBS AG Hong Kong Branch, as Arranger and Dealer and BNP Paribas, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Hana Financial Investment Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, KEB Hana Global Finance Limited, Merrill Lynch International, Mizuho Securities Asia Limited, and Standard Chartered Bank as Dealers, in connection with the update of the US$10 billion global medium term note program of KEB Hana Bank. In addition, Simpson Thacher, acting as sole international counsel, represented Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, KEB Hana Global Finance Limited, Standard Chartered Bank, and UBS AG Hong Kong Branch, as Joint Lead Managers and Hana Financial Investment Co., Ltd., as Co-Manager in connection with the dual tranche offering of US$350 million 1.75% Senior Unsecured Notes due 2019 and US$300 million 2.125% Senior Unsecured Notes due 2021 by KEB Hana Bank under its US$10 billion global medium term note program. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Born of the merger between Hana Bank and Korea Exchange Bank in September 2015, KEB Hana Bank is one of the leading commercial banks in Korea in terms of total assets, revenues, profitability and capital adequacy. KEB Hana Bank operates an extensive nationwide and overseas banking network and provides a full complement of banking and financial services to corporate and retail customers. KEB Hana Bank is a subsidiary of Hana Financial Group, Inc., one of the leading financial holding companies in Korea with shares listed on the Korea Exchange.

The Simpson Thacher team for the transaction included Jin Hyuk Park (Picture), Iksoo Kim and You Rim (Yuri) Bak (Corporate – Seoul); Robert Holo and Michael Badain (Tax); and Andrew Pagliughi (Blue Sky).

Involved fees earner: Jin Hyuk Park – Simpson Thacher & Bartlett; Iksoo Kim – Simpson Thacher & Bartlett; You Rim Bak – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Michael Badain – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: BNP Paribas; Citigroup Global Markets Ltd; Commerzbank AG; Crédit Agricole Corporate and Investment Bank; HSBC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Standard Chartered Bank; UBS; Mizuho Securities; JP Morgan Securities; Hana Financial Group, Inc.; KEB Hana Global Finance Limited;

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Author: Michael Patrini