Lee & Ko performed a key role as legal advisors for the lead managers in connection with the 2019-06-19 US$ 1.5 billion issuance of Foreign Exchange Stabilization Fund Bonds, (including a tranche of green/sustainability bonds). This deal is particularly significant due to it being the first such issuance of green/sustainability bonds by a government entity and due to the historically low yield rates of 2.177% for the 5-year bonds and 2.677% for the 10-year bonds for each tranche of the bond issuance. This deal is widely regarded as a particularly successful and precedent-setting bond issuance.
The lead managers for the deal were Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan Securities LLC. Attorneys Hyunjoo Oh, Seung-A Hyun, Dong Yon Kim and Sang Hyun Ahn, who are all members of Lee & Ko’s Capital Markets Practice Group, participated as advisors to the lead managers. As this issuance of Foreign Exchange Stabilization Fund Bonds may be regarded as the most significant issuance of debt securities that has been handled by Lee & Ko’s capital markets team, the firm is particularly proud of the exemplary professionalism demonstrated by the above-named attorneys at every stage of the deal.Lee & Ko Acts as Legal Advisor for LG Chem Issuance of Global Green Bonds.