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NongHyup Bank Completes US$300 Million Notes Offering

07.23.15

Simpson Thacher represented the dealers and the takedown underwriters, acting as sole international counsel, in connection with the update of the US$8 billion global medium term notes program by NongHyup Bank and a takedown offering of US$300 million 2.875% Notes due 2020 under the program. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

NongHyup Bank, a wholly owned subsidiary of NongHyup Financial Group, Inc., is one of the leading commercial banks in Korea. The offering was led by Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, NH Investment & Securities Co., Ltd., Société Générale and The Hongkong and Shanghai Banking Corporation Limited.

The Simpson Thacher team included Youngjin Sohn and John Hahn (Corporate).