The Firm recently acted as the transaction counsel for the issuance by Korea Electric Power Corporation (KEPCO) of US$700,000,000 3.00% Senior Notes due 2015, where Barclays Capital, BofA Merrill Lynch, Credit Suisse, Goldman Sachs and Morgan Stanley acted as joint bookrunners and joint lead managers and Daewoo Securities acted as a joint lead manager. The notes were issued under KEPCO’s US$3 billion global medium term notes program in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.
KEPCO is a government-controlled electricity generator and distributor based in Korea. KEPCO’s common shares are listed on the Korea Exchange and its American depositary shares are listed on the New York Stock Exchange.
The Simpson Thacher team for the transaction included Jin Hyuk Park, Johneth C. Park, Chee-Kwan Kim and Iksoo Kim (Corporate), Rob Holo and Seojung Park (Tax) and Andrew Pagliughi (Blue Sky). Paralegal Jean J. Park also provided valuable assistance.
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