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Paul Hastings Represents Lead Arrangers on Lotte Shopping's Equity-Linked Bond

February 19, 2013

Seoul (February 19, 2013) - Paul Hastings, a leading global law firm, announced today that it represented the lead arrangers on Lotte Shopping’s US$303 million exchangeable bond, 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 deal, denominated in Korean won though settled in US dollars with a five-year maturity and a three-year put, raised US$303 million and marks the closing of the first Asian equity-linked deal in 2013.

Paul Hastings has advised on a number of Lotte Shopping’s capital markets transactions including advising the joint bookrunners in Lotte Shopping’s multiple award-winning US$900 million dual-currency convertible bond in 2011.

The Paul Hastings team was led by of counsel

, with support from partners , and , of counsel and associate .

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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