SEOUL – May 11, 2023 – Global law firm Greenberg Traurig, LLP represented SK On Co., Ltd. (SK On) in its debut Reg. S offering of USD900 million 5.375% “Green Bond” notes due 2026, which were unconditionally and irrevocably guaranteed by Kookmin Bank. BNP PARIBAS, Credit Agricole CIB, HSBC, J.P. Morgan, MUFG and Standard Chartered Bank were the joint bookrunners for the offering. The offering priced May 2 and closed May 11. The notes were listed on the Singapore Exchange.
SK On is a leading battery manufacturer for electric vehicles and electronic storage systems with manufacturing facilities in the United States, China, and Europe. SK On is a wholly owned subsidiary of SK Innovation Co., Ltd., an intermediate holding company of SK Group – one of the largest conglomerates in Korea.
The Greenberg Traurig attorneys leading the transaction were Shareholders Eun Sang Hwang in the Seoul office, Dorothee Fischer-Appelt in the London office, and Of Counsel Godric C. Shoesmith in the New York office.