Japanese bank-strong contingent raise huge loan for KDB

Japanese banks show huge apetite with a syndicated loan for the Korea Development Bank (KDB).

A Japanese bank-strong contingent of mandated coordinating arrangers, BA Asia Limited, the Industrial Bank of Japan Limited Mizuho Financial Group, Raiffeisen Zentralbank Osterreich AG RZB-Austria Singapore branch, Sumitomo Mitsui Banking Corporation, Tokyo-Mitsubishi International HK Limited, have completed a Y25 billion $2.07 billion term loan facility for the KDB.

The facility has a three year tenor and an interest margin of 50 basis points over LIBOR. The proceeds of the loan will go towards...

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