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Simpson Thacher Represents Joint Lead Managers in US$300 Million Green Bond Senior Notes Offering by Korea Electric Power Corporation

09.30.21

Simpson Thacher, acting as sole international counsel, represented Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and The Hongkong and Shanghai Banking Corporation Limited, as joint lead managers, in connection with the offering of US$300 million 1.125% Green Bond Senior Notes due 2026 by Korea Electric Power Corporation under its Global Medium Term Note programme. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

Korea Electric Power Corporation is an integrated electric utility company engaged in the transmission and distribution of substantially all of the electricity in Korea. Through its six wholly-owned generation subsidiaries, Korea Electric Power Corporation also generate the substantial majority of electricity produced in Korea. As a predominant market participant in the Korean electric power industry, Korea Electric Power Corporation is providing a full range of services such as power plant construction and specialized engineering and maintenance services primarily in Korea. Korea Electric Power Corporation is listed on the Korea Exchange and the New York Stock Exchange.

The Simpson Thacher team for the transaction included Jin Hyuk Park, Joongwon Park, William Son and Chanik Park (Corporate – Hong Kong).