Korea Water stays liquid with $130m three year bank loan

Korea Water Resources Corp (K-Water) has signed a $130m floating rate note through BNP Paribas, Calyon and Standard Chartered, becoming the latest South Korean borrower to turn to the offshore loan market for funding.

  • 23 Apr 2009

BNP Paribas and Standard Chartered each took a $50m ticket, while Calyon pledged the remaining $30m.

The three year deal for the government-owned dam building and water management company pays a margin of 275bp over three month Libor. Fees on the loan were not disclosed.

South Korean borrowers have ...

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