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The Firm recently represented Kolao Holdings in connection with its offering of Singapore-dollar Denominated Senior Unsecured Guaranteed Bonds due 2017, which have been offered in offshore transactions outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended.  The bonds are unconditionally and irrevocably guaranteed by the Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank established in 2010 by the Association of Southeast Asian Nations (ASEAN) members, China, Japan, Korea and the Asian Development Bank.  The transaction marked Kolao Holdings’ first bond offering in the international capital markets and CGIF’s third guaranteed bond transaction.  Société Générale acted as the lead manager and sole bookrunner for the transaction.

Kolao Holdings is a holding company incorporated in the Cayman Islands and listed on the Korea Exchange.  Its wholly-owned primary operating subsidiary, Kolao Developing Co., Ltd., is a leading automobile and motorcycle distributor in Laos with approximately 37% market share in the Lao automobile market in the first eight months of 2013 and approximately 38% in the Lao motorcycle market in 2013, in each case in terms of units sold. 

The Simpson Thacher team for the transaction included Jin Hyuk Park and Iksoo Kim.