Loans week May 29-June 4

A roundup of the latest syndicated loan market news.

Siren Investment Korea inks the second largest syndicated loan completed in South Korea 2015 year-to-date

Siren Investment Korea has sealed a W1.4 trillion five-year debt package through mandated lead arrangers Industrial Bank of Korea, Kookmin Bank, KDB, Korea Exchange Bank, Korea Investment Securities, NH Nonghyup Bank, Samsung Securities and Shinhan Bank.

The financing is split into a W1.3 trillion term loan and a W50 billion revolver. Syndication saw Hana Bank, Hana HSBC Life Insurance, Korean Federation of Community Credit Cooperatives, NACF, Suhyup Bank, Nonghyup Life Insurance and Shinhan Life Insurance join in as lenders. Proceeds are for general corporate purposes and refinancing an existing...

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