ID :
40746
Thu, 01/15/2009 - 10:04
Auther :
Shortlink :
https://www.oananews.org//node/40746
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Woori Bank secures US$100 mln in foreign loans
SEOUL, Jan. 15 (Yonhap) -- Woori Bank, South Korea's second-biggest lender, said Thursday it has brought in US$100 million in foreign borrowing to repay maturing debts and help trade companies.
The loan secured from a European lender carries an interest rate 3 percentage
points above the London Interbank Offered Rate and matures in one year, Woori
said, without naming the bank.
The money will be used to redeem its expiring debts and service trade financing
for local small and mid-sized trade companies, the lender said.
The loan secured from a European lender carries an interest rate 3 percentage
points above the London Interbank Offered Rate and matures in one year, Woori
said, without naming the bank.
The money will be used to redeem its expiring debts and service trade financing
for local small and mid-sized trade companies, the lender said.
