Saudi lands $3bn export financing agreement with Korea

AdobeStock_Korea_SaudiArabia_575x375_15Jan2021
By Mariam Meskin
15 Jan 2021

Saudi Arabia has secured an export financing agreement with Korea’s export credit agency and trade insurance corporation. The deal, which will bolster trade between the two, is the kingdom’s second ECA-backed deal.

The $3bn financing facility is supported by K-Sure (Korea Trade Insurance Corporation), and the Korean Export Credit Agency. Crédit Agricole coordinated and structured the untied facility, while 10 international banks joined the facility.

The financing will target Saudi government projects in key sectors, including transportation, water and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial