KDB boosts export financing

Korea Development Bank is to use a $50 million trade finance facility to help finance a booming export economy.

Korea Development Bank KDB is to receive $50 million trade finance facility via a syndication arranged by Deutsche Bank. The facility will be used by KDB to provide pre- and post-export finance to the booming Korean export economy which recorded a $12.1 billion trade surplus in 2000.

According to KDB, this deal has been recently restructured, the interest margin of the facility is 65 basis points over Libor, down from the originally planned 175bp. KDB nor Deutsche Bank...

To continue reading, please login or register for free

Click for more on: kdb | boosts | export | financing

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...