Hana Bank seeks loan after South Korean bank bail-out
In the first test of foreign lenders’ confidence in the Korean banking system after last week’s $130bn of government support measures, Hana Bank is looking to refinance a maturing $300m loan. It falls due in November and pays a margin of just 13bp over Libor but Hana will be hardly be matching that cost of funds this time around. Read the initial reactions to Hana’s request to see what the loan market makes of South Korea’s bail-out.
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