Advising Korea Development Bank on Issuance of Bonds in Mexican Peso

Lee & Ko’s Capital Markets Group successfully represented the Korean Development Bank as its Korean legal advisor for registration of Mexican peso bonds to be issued by the Korean Development Bank in Mexico in accordance with local securities laws with the Mexican National Securities Registry. Hyunjoo OH, Seunga HYUN, Dongyon KIM and Sang Hyun AHN of Capital Markets Group participated in this transaction and demonstrated their expertise. 

As a 50 billion peso intra-Mexico transaction carried out by the Korea Development Bank to expand the investor base and diversify the foreign currency funding, HSBC acted as the arranger and the registration process was completed as of March 29, 2022. In connection therewith, Lee & Ko provided advice on Korean law such as reviewing documents required to be submitted to local government for bond registration and reviewing materials for recognition of sovereign status in accordance with local laws and regulations of the Korea Development Bank. 

Lee & Ko was able to advise on the issuance of cross-currency bonds such as this transaction based on the diverse experience and expertise of its Capital Markets Group. Lee & Ko’s impressive track record covers almost all types of domestic and foreign debt securities products (i.e., Euro Bond, Yankee Bond, Samurai Bond, Shogun Bond, Dim Sum Bond, Kangaroo Bond, Formosa Bond, CHF Bond, CB, BW, EB, RPS, RCPS, GPB, Option Bond, Synthetic Bond, FRN, etc.). Based on a wide array of experience of working on numerous transactions with different issuers, arrangers as well as international law firms, professionals of Lee & Ko were able to implement efficient work coordination through which Lee & Ko provided sound advice to Korea Development Bank.