Lee & Ko provided legal service with respect to the issuance of Arirang Bonds by China Eastern Air, which is the first issuance of Arirang Bonds by a Chinese issuer. This transaction was successfully consummated as of September 28, 2016 at the amount of KRW175 billion with a maturity of 3 years and in the form of private placement. The Korea Development Bank and Mirae Asset Daewoo took the role of Co-lead managers and the Korea Development Bank provided the guarantee for the tranche of KRW120 billion among the 2 tranches in this transaction. Lee & Ko efficiently assisted the issuer, the second largest airliner in China, with its in-depth knowledge of Korean laws including capital markets regulations and foreign exchange restrictions.