Eximbank raises US$800 mln via syndicated social loan

▲ Yoon Hee-sung (L), chairman of the Export-Import Bank of Korea, and Hidekatsu Take, head of the global corporate company and investment banking company at Mizuho Financial Group, pose for a photo after signing a US$800 million syndicated loan deal at Mizuho Bank's headquarters in Tokyo on Nov. 24, 2023, in this photo provided by Eximbank. (PHOTO NOT FOR SALE) (Yonhap)

Eximbank-loan

Eximbank raises US$800 mln via syndicated social loan

SEOUL, Nov. 26 (Yonhap) -- The state-run Export-Import Bank of Korea (Eximbank) said Sunday it has raised US$800 million through a syndicated social loan to help small and medium-sized enterprises (SMEs) in South Korea.

Japan's Mizuho Bank was the sole manager for the loan, which is a combination of a three-year loan of $300 million and a five-year loan of $500 million.

The loan was funded by a total of 14 banks, including those from Japan, China, Taiwan and Saudi Arabia, according to Eximbank.

The Korean bank said the money will be delivered to local SMEs that contribute to job creation in the form of a social loan.

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