GS Construction Decides on Debt Guarantee Worth 113 Billion KRW
[Asia Economy Reporter Park Jun-yi] GS Engineering & Construction announced on the 5th that it has decided to provide a debt guarantee worth 112,983,200,000 KRW for eligible middle payment loan borrowers among the buyers of Suwon Central I-Park Xi.
This guarantee is a joint guarantee by GS Engineering & Construction for 20% of the total loan limit of 564.9 billion KRW for middle payment loans of general sales contract holders of Suwon Central I-Park Xi, which is not secured by a housing purchase fund guarantee certificate.
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The debt guarantee amount is 2.73% of the 2019 consolidated equity capital. The debt guarantee will end on October 31, 2023.
This content was produced with the assistance of AI translation services.
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