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Lotte Shopping Closes Equity-Linked Bond

April 12, 2018

Seoul – Paul Hastings, a leading global law firm, announced today that the firm advised BNP Paribas and Nomura as joint bookrunners on Lotte Shopping’s KRW303.6 billion (US$285 million) exchangeable bonds, exchangeable into shares of Lotte Himart, the largest consumer electronics retailer in Korea and a majority-owned subsidiary of Lotte Shopping. Lotte Shopping is one of South Korea’s biggest retailers and a market leader in both department stores and discount stores.

The exchangeable bonds, denominated in Korean won though settled in US dollars with a five-year maturity and a three-year put, were listed on the Singapore Exchange.

Paul Hastings has advised on a number of Lotte Shopping’s capital markets transactions including representing the joint bookrunners in Lotte Shopping’s multiple award-winning US$900 million dual-currency convertible bond in 2011, and in its Korean won-denominated exchangeable bonds in 2013.

The Paul Hastings team was led by

, head of the firm’s Korea Capital Markets practice, with support from associate . Partner  and associate  provided English law advice.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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