Legal Advisor for First Overseas Bond Issuance by Hanwha Total Petrochemicals Co., Ltd2019-01-23
Lee & Ko performed key advisory role in successfully completed Hanwha Total Petrochemicals Co., Ltd. (“Hanwha Total”) USD400 Million Eurobond Issuance.
In order to finance a large-scale facilities installation, Hanwha Total recently launched its first foray as an issuer of securities in overseas markets, where it procured sufficient investor participation to successfully carry out a USD400 million bond issuance. Hanwha Total is a joint venture, established in Korea, between Total S. A., the French multinational energy company, and Korea’s Hanwha General Chemical Co., Ltd. As Korean legal advisors, Lee & Ko joined forces with a team of other international professional advisors who, in cooperation with the lead managers for the bond deal, worked extensively over an extended period of time to ensure that Hanwha Total’s debut as an issuer of securities in the global market would be successful.
In acting as a key legal advisor to Hanwha Total for the deal, Lee & Ko furnished comprehensive and detailed analysis and legal advice from the earliest planning stages all the way through to the successful closing of the bond issuance, and performed a key role in anticipating potential legal issues and ensuring that all legal aspects of the deal would be handled smoothly and without disruption to the deal as a whole. In this regard, Lee & Ko provided timely and effective advice on, and assistance with, all legal and administrative measures needed to ensure full regulatory compliance of every component of the deal.
Hanwha Total’s overseas bond offering was met with a highly enthusiastic response from investors and successfully concluded on January 23, 2019. Lee & Ko’s participation as legal advisor for this debut overseas securities issuance by a prominent Korean company, as well as the firm’s recent role as legal advisor for the long-awaited debut overseas securities issuance by Mirae Asset Daewoo Co., Ltd in November 2018, can be attributed to the widespread recognition of Lee & Ko’s capital markets team as being among the most capable and best equipped to handle highly complex and demanding securities deals. In particular, it should be noted that the team of Lee & Ko attorneys responsible for so ably advising Hanwha Total on this deal comprised attorneys Hyunjoo Oh, Seung-A Hyun and Dong Yon Kim.