KB Kookmin Bank packages $145 mn loan for gas pipeline project in US

2018.05.09 16:37:18

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South Korea’s KB Kookmin Bank said on Wednesday it packaged a $145 million debt syndicate to finance a gas pipeline construction project in the United States.

The project is sponsored by Ares EIF for a gas pipeline construction in Pennsylvania, where no Korean builders are involved.

KB Kookmin Bank contributed to the loan with another Korean lender Shinhan Bank and Industrial & Commercial Bank of China. The rest is financed by Ares EIF.

KB Kookmin Bank invested $30 million in previous Ares project in April, 2017.

By Chung Joo-won and Lee Ha-yeon

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