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Simpson Thacher Represents Deutsche Bank, HSBC, Merrill Lynch and Korea Development Bank in US$700 Million Debt Offering by Korea Expressway Corporation

11.23.09

The Firm recently represented the joint lead managers as deal counsel in an offering by Korea Expressway Corporation ("KEC") of its US$700,000,000 4.5% Senior Notes due 2015, issued under its US$ 3,500,000,000 Global Medium Term Note Programme. KEC is a government-owned corporation which is engaged in the construction and maintenance of substantially all of the expressways in Korea. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.

The Simpson Thacher team for the transaction included Jin Hyuk Park and Yeon Jin Seong (Corporate), Seojung Park (Tax), Jeanne Annarumma and Brian Robbins (Executive Compensation and Employee Benefits) and Andrew Pagliughi (Blue Sky).