The acceptances and guarantees extended by KEXIM
to complement the bank's lending activities, grew by 6.
Duk-Hoon Lee, President and Chairman of Korea Eximbank, said: "The MoU between ADFD and KEXIM
will further strengthen ties between our institutions in the area of development aid, while facilitating economic cooperation between Korea and the UAE.
The Korean government, for its part, is continuously expanding the funding capacity such as by increasing the authorised capital of KEXIM
is a valued financial partner and continues to support our company in a significant way.
The sovereign has continued to demonstrate its commitment to inject capital into KEXIM
in a timely manner to support the bank's lending activities.
Furthermore, export credit agencies such as South Korea's KEXIM
or Germany's Hermes have stepped up to the plate and provided a large part of the funding, as was the case with Shuaibah III.
The Company previously received a three-year US$100 million term loan facility from KEXIM
in June 2013.
as underwriters in connection with concurrent SEC-registered Schedule B debt offerings by KEXIM
of US$1 billion aggregate principal amount of its 2.
The Government has an obligation under the KEXIM
Act to cover any net loss that cannot be covered by the bank's reserves, has control over transfers of KEXIM
's income to reserves and appoints its top management.
Further funds will be provided as direct loans and guarantees totalling more than $3 billion from export credit agencies JBIC, NEXI, KEXIM
, KEIC and SACE.
Earlier, in June 2013, the Company received a three-year USD 100 million term loan facility from KEXIM
Dealmaker of the Year: Teekay Shipping corporate management -- Bank Debt Deal of the Year: BNP Paribas as sole mandated lead arranger, KEXIM
, KEIC, HBOS, Fortis, CIC, Natixis, Dexia and Efibanca for Zim Integrated Shipping Services -- Public Debt Deal of the Year: Nordea as sole lead arranger, Investco Marine Agency and Tufton Oceanic as advisors for Primorsk International Shipping -- Restructuring Deal of the Year: BNP Paribas for National Shipping Company of Saudi Arabia -- M&A Deal of the Year: Citi for U.