Paul Hastings has advised South Korea-based Hanwha Aerospace’s first US dollar bond offering of USD500 million in 5% senior unsecured notes due in 2029.
The notes, listed on the Singapore Exchange, were issued on 27 July 2026 and conducted under Regulation S of the US Securities Act of 1933, as amended.
Paul Hastings served as sole international counsel. Partner Iksoo Kim, co-chair of the Seoul office, led the firm’s team with support from associate Sye Myung Kim and corporate attorney David Park.
Citigroup Global Markets, Crédit Agricole Corporate and Investment Bank and the UBS Hong Kong branch were the joint lead managers.
Hanwha Aerospace said it conducted bookbuilding for the bond issuance across multiple regions, including Asia and Europe, which attracted USD3.3 billion, nearly seven times the offering amount.
Issuance proceeds were expected to be used to fund operations and repay debts, the South Korean company said.
Hanwha Aerospace develops and manufactures aircraft engines, marine solutions and space technologies.
