Lotte Shopping’s $285 million Bond

Paul Hastings advised BNP Paribas and Nomura as joint bookrunners on Lotte Shopping’s KRW303.6 billion (US$285 million) exchangeable bonds, exchangeable into shares of Lotte Himart, the largest consumer electronics retailer in Korea and a majority-owned subsidiary of Lotte Shopping.

Lotte Shopping is one of South Korea’s biggest retailers and a market leader in both department stores and discount stores.

The exchangeable bonds, denominated in Korean won though settled in US dollars with a five-year maturity and a three-year put, were listed on the Singapore Exchange.

Lotte Shopping Co., Ltd. operates department stores and discount stores in South Korea. The Company retails clothing, household goods, foods, and other items through several branches. The company, led by

Kang Hui-Tae, Lee Won-Joon and Yoon Jong-Min, in 2017 recorded $17 Billion Revenues.

The Paul Hastings team was led by Dong Chul Kim (Picture), head of the firm’s Korea Capital Markets practice, with support from associate Albert Nah.

Involved fees earner: Dong Chul Kim – Paul Hastings; Jinkang Albert Nah – Paul Hastings;

Law Firms: Paul Hastings;

Clients: BNP Paribas; Nomura;


Author: Michael Patrini