Hana Bank Signs Large-Scale Senior Loan Agreement with Hanwha Aviation
Expanding Support for Hanwha Aviation's Ongoing Portfolio Growth
Centered on Commercial Aircraft Engines
Hana Bank announced on August 11 that it has signed a large-scale senior syndicated loan agreement with Hanwha Aviation.
This financial transaction was arranged to support Hanwha Aviation's ongoing portfolio expansion focused on commercial aircraft engines such as the CFM56, V2500, and LEAP. Hana Bank solely arranged the deal, with Hana Bank's Singapore branch and the Export-Import Bank of Korea's Singapore subsidiary participating as main lenders.
Through this Hanwha Aviation syndicated loan, Hana Bank has expanded its global business scope from aircraft financing to engine financing. This is seen as a reflection of the bank's commitment to expanding its business beyond the domestic financial market into the global arena.
An official from Hana Bank's Global IB Finance Department stated, "This transaction marks Hanwha Aviation's first large-scale engine finance syndicated loan. As the global aviation industry enters a new phase of growth, Hanwha Aviation's market expansion is regaining momentum. Hana Bank will continue to play a key role as a core financial partner in securing a leading position in the global aircraft engine market."
Hana Bank is active in the global market across various sectors, including aircraft and ship financing, corporate finance, real estate finance, and infrastructure finance. In particular, the bank has arranged numerous aircraft finance syndicated loans, earning recognition for its expertise in the global aircraft finance sector.
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Furthermore, Hana Bank's aircraft finance arrangement capabilities, which have been steadily built over the past decade in a market traditionally dominated by major European banks, were once again demonstrated through this deal in both aircraft and engine finance markets.
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