폴 헤이스팅스, 한국해양진흥공사의 3억 달러 선순위 무담보 채권 발행 자문

Paul Hastings LLP acted as sole international counsel in connection with Korea Ocean Business Corporation (“KOBC”)’s debut issuance of US$300 million 4.50% Senior Unsecured Notes due 2028 under its US$5 billion Medium Term Note Program on May 3, 2023. The offering was conducted in reliance on Regulation S of the U.S. Securities Act of 1933, as amended, and the notes were listed on Singapore Exchange Securities Trading Limited.

Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, and Standard Chartered Bank acted as joint lead managers and joint bookrunners.

Paul Hastings also assisted KOBC with the establishment of the US$5 billion  Medium Term Note Program, which was completed on April 12, 2023.

KOBC is a statutory juridical corporation established under the Korea Ocean Business Corporation Act of the Republic of Korea and acts as the flagship government-owned policy finance institution for domestic shipping companies. KOBC is vested with the unique mandate to provide stable source of funding to Korean shipping companies and makes various forms of investment to promote the overall growth and stability of the maritime transport industry.

The proceeds of the notes will be used for general corporate purpose, including repayment of existing indebtedness.

Corporate partner Iksoo Kim led the Paul Hastings team, which also included associate Sye Myung Kim and corporate attorney David Park.

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