KEB taps loan markets for $150 million

With KEB''s deal, success is virtually assured given that the size is smaller than Cho HungÆs transaction and there are already five banks in the deal.

Korea Exchange Bank last week awarded the mandate for a $150 million two-year loan to Credit Lyonnais, Natexis Banque Populaires, Standard Chartered and Sumitomo Mitsui Banking Corporation. Along with LB Kiel, joining as coordinating arranger, the banks launched the deal into general syndication late last week on August 29. The deadline for closing of the deal is September 18.

The two-year deal pays a margin of 20bp over Libor. Banks participating in the transaction as co-arrangers with commitments of $10...

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