Dongkook Steel Co Succeeds in Attracting 250 Million Dollars in Foreign Capital
Dongkook Steel Co announced on September 27 that it succeeded in attracting 250 million dollars in foreign capital.Dongkook Steel explained that it signed a deal with Itochu Trading Co. of Japan to borrow 150 million dollars with terms set at the London interbanking offered rate, (Libor) plus 1.5% and with Nitshoiwai Trading Co of Japan to induce 100 million dollars at conditions of Libor plus 2%.
Dongkook pointed out that the interest rate condition is quite good relative to the Korean companies' current situation.
The debts are due in 360 days; a longer term compared to the usual loan period , the company commented.
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)