Paul Hastings Advises Korean Air Subsidiary on US$300 Million Bond Offering
Seoul (November 5, 2014) - Paul Hastings, a leading global law firm, announced today that the firm advised Hanjin International Corporation (“Hanjin”) on its issuance of the US$300 million floating rate notes (“notes”). The Reg S-registered notes were guaranteed by state-owned Export-Import Bank of Korea. BNP Paribas and HSBC were the joint bookrunners of the offering.
Hanjin is the U.S.-based subsidiary of Korean Air Lines Co., Ltd, the flagship airline of South Korea. The proceeds from the offering will be used for the construction of a 70-story office and hotel tower developed by Hanjin in downtown Los Angeles.
The Paul Hastings team was led by capital markets partner
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