Shinhan gives loan market rare glimpse of Korean borrower

09 Nov 2009

Shinhan Bank is close to completing a $100m club deal through five banks, in one of the rare loans from a Korean borrower seen in the second half of the year.

EuroWeek understands that BNP Paribas, Commerzbank, HSBC, Mizuho and Sumitomo Mitsui Banking Corp are close to joining the deal.

The revolver carries a margin of 150bp over Libor and will refinance a club loan of around $180m signed in August 2008. This is the borrower’s second visit to ...

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