was established by GOK in 1961 under the IBK
Act for the purpose of developing and supporting SMEs.
The structure of the financing will be determined in the coming weeks after recommendations from IBK
have been submitted to the board of DMDD.
continues to enjoy assured solvency protection under the IBK
The capital infusions are determined by the Article 43 of the IBK
Act, which legally obligates the government to cover losses at the bank if its capital reserve is not capable, thereby effectively guaranteeing IBK
The units comprising the second tranche of the IBK
Private Placement, and any shares issued pursuant to the exercise of the warrants, are subject to a four month hold period expiring on March 1, 2005.
The Company has entered into an agreement with IBK
Under the agreement, IBK
will borrow JPY20bn from SMBC at a premium of 398 basis points to yen Libor while SMBC will borrow KRW300bn (USD224m) from IBK
at 45 basis points above Korea's certificate of deposit rate.
for acting as agent, receives a cash commission of $45,004 from the proceeds of the IBK
The municipality is authorized to WOMA and IBK
perform this tender.
Hawkins, President of Tandem, disposed of 12,000,000 common shares by way of a private transaction with IBK
5 million shares of its common stock held in escrow by IBK
the Company") (OTC Bulletin Board: CCRE) is pleased to announce that it has engaged IBK