Korea Citi Bank Provides $200 Million Syndicated Financing to Hanamicron
Utilization as Overseas Investment Resources
Korea Citibank will provide a loan of 200 million dollars (approximately 260.5 billion KRW) to support Hanamicron's overseas investment.
On the 24th, Korea Citibank announced that it signed a syndicated loan agreement with Hanamicron the previous day. As the sole lead manager, Korea Citibank, together with the Korea Trade Insurance Corporation, will provide Hanamicron with a total syndicated loan of 200 million dollars (a medium- to short-term loan provided by a consortium of multiple financial institutions).
The support amount will be used as investment resources for the facilities of Hanamicron's Vietnam subsidiary, a semiconductor post-processing company.
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Myung Soonsun, CEO of Korea Citibank, said, "We will continue to spare no effort in supporting competitive corporate clients to enter overseas markets and expand their businesses through differentiated financial support utilizing our global network."
From the left, Yoomyungsoon, President of Citibank Korea; Choi Chang-ho, Chairman of Hanamicron; Baek Seung-dal, Vice President of Korea Trade Insurance Corporation (Photo by Citibank Korea)
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