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 KDB's general working capital requirements.

The coordinating arrangers were joined by Dai-ichi Mutual Life Insurance Company and DBS Bank as arrangers.

The coordinating arrangers each fully underwrote Y3.15 billion, with the exceptions of BA...

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