CMS advises on Vienna Stock Exchange´s First Asian Listing

CMS has advised Credit Suisse (Hong Kong) as the sole bookrunner in connection with the listing of two convertible bonds of South Korean LG Chem at the Vienna Stock Exchange. The convertible bonds with a volume of EUR 315m and USD 220m were placed with institutional investors and listed on the Vienna Stock Exchange's Third Market.

Trading of the convertible bonds of LG Chem Ltd., a subsidiary of the leading global electronics corporation LG Group, has been launched on the Vienna Stock Exchange (VSE) on 16 April. The VSE celebrated its first listing of an Asian issuer with a classic inauguration ceremony held on the bonds' first trading day, at which representatives of LG Chem, Credit Suisse and CMS rang the exchange's opening bell to kick off trading.

The CMS capital markets team led by CMS partner Martin Zuffer, attorney-at-law Philipp Mark and associate Luciano Duque-Cordero were happy about the bonds' successful start at VSE.

The complex transaction has been advised in collaboration with the international law firms Linklaters and Cleary Gottlieb Steen & Hamilton as well as the renowned South Korean firms Lee & Ko and Bae, Kim & Lee.

About LG Chem Ltd.
LG Chem Ltd. is a subsidiary of the leading global electronics company LG Group, employing more than 226,000 people around the world. With almost 30,000 employees and annual revenues of approximately EUR 20 billion, LG Chem is the largest chemical company in South Korea.

Pictures of the inauguration ceremony (© Vienna Stock Exchange) are available for free use at http://download.cms-rrh.com/presse/180418/wiener-boerse.zip

A photo of Martin Zuffer is available forfree download here.