Bank of Korea keeps policy rate unchanged; no signal of further action

The Bank of Korea (BOK) left the benchmark rate unchanged at a record low of 0.5% as expected on July 16, citing the slowing economy and the overheate...

Carlyle raises $600 mn for infra credit fund with top Korean banking groups

The Carlyle Group has raised $600 million for an infrastructure credit fund in South Korea jointly with two domestic financial services firms to lend ...

Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand

The Export-Import Bank of Korea (KEXIM) has nearly doubled the size of its planned new bond sale in Australia to A$700 million ($460 million) on stron...

Balance Hero banks on India's 1.3B with fintech

Expanding to India was a no-brainer decision for Lee Cheol-won."It took just five minutes to make the call," said Lee, CEO of Balance Hero, a financia...

Korea, China banks offer $120 mn loan on Chile LNG terminal stake deal

The Industrial Bank of Korea (IBK) and two Chinese banks have extended a syndicated loan of $120 million to fund a stake purchase in a liquefied natur...

Kookmin Bank commits $20 mn to two aircraft junior debt funds

Kookmin Bank, South Korea’s biggest lender, has committed $20 million to two aviation funds to provide junior and mezzanine loans for Airbus and Boein...

Korean banks lend club loan for $115 mn aircraft debt finance

Three big South Korean lenders have lent a $85 million club loan to ALAFCO, a Kuwait-based aircraft leasing company, which recently raised $115 millio...

KDB Bank, NH Investment underwrite $30 mn debt on Teekay’s new vessels

South Korea’s state-run lender KDB Bank and NH Investment & Securities Co. Ltd. have underwritten a $15 million subordinated debt each to partiall...

Korean banks extend $130 mn loans for Asian aircraft financing: reports

Three South Korean lenders – KDB Bank, Woori Bank and Industrial Bank of Korea (IBK) - have recently provided a combined $130 million in direct loan...

Deutsche Bank resells $60 mn Transtelco debt to Korean credit cooperative

Deutsche Bank has resold $60 million in senior secured debt of Transtelco Inc., a fiber optic services provider in the US and Mexico, to MG Korean Fed...

KEB Hana Bank arranges $300 mn aircraft portfolio finance for Avolon

KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing ar...

KIC head to move to Korea Export-Import Bank as CEO

Sung-soo Eun, the chief executive of Korea Investment Corporation (KIC), was nominated as head of the Export-Import Bank of Korea, about one and a...

Angelo, Gordon seeks to redevelop Korean bank building as luxury hotel

A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which ...

Three Korean banks poised to lend $200 mn to Hudson Yards project

Korea Development Bank (KDB), Shinhan Bank and Woori Bank are likely to provide $200 million in syndicated loans for the Hudson Yards project in their...

Korean firms to buy $88 mn US power plant-backed debts from US bank

Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants fr...

Korean banks flex muscles for alternative assets; Kookmin, Shinhan may invest in KKR’s fund

South Korea’s Kookmin Bank and Shinhan Bank are consdering investing 30 billion won ($26 million) each to a private equity buyout fund which KKR &...

Korea teachers’ fund to invest $52 mn in Europe bank loans-buying fund

Korean Teachers’ Credit Union (KTCU) has decided to commit €50 million ($52.4 million) to a $1.5 billion~$2 billion fund which will take over senior s...

Europe banks return to Korean brokerage market; target debt, alternative products

A growing asset size of South Korean institutional investors and soaring demand for overseas alternative assets have been prodding foreign banks, incl...

US bank loans, asset-based credit whet appetite of Korean investors

South Korean institutional investors are gearing up to raise exposure to U.S. bank loans, collateralized loan obligation (CLO) and commercial mortgage...

ABCP issues backed by Chinese bank deposits seen to top corporate bond sales in Korea

South Korean pension and savings funds are piling into short-term notes backed by time deposits at Chinese banks, lured by higher deposit rates from C...

[Interview] World Bank’s new investment head calls for review of investment period, risk limit

Incoming World Bank’s director of the investment management division, Heung-sik Choo, said that the international financial institution, which man...

DO NOT PUBLISH, BUT EDIT- BOK defies big step rate hike view on recession fears

South Korea’s central bank on Wednesday defied expectations of a big step rate hike by raising the interest rate by 25 basis points (bps) desp...