아랍에미리트 마쉬렉은행, 한국 SK건설에 1억불 자금 지원 UAE's Mashreq inks $100m loan for Korea contractor

SK Engineering's work in the Middle East includes Qatar's Doha Metro project. [Representational image]  SK건설이 시공하고 있는 카타르 도하 지하철공사 현장

edited by kcontents 

케이콘텐츠 편집

   UAE 마쉬렉은행이 한국의 SK건설에 1억불의 자금을 제공한다.  자금은 신디케이트론으로 

조달되며 마쉬렉은행 외 2개은행이 컨소시엄에 참여한다. 

조달 자금은 SK건설의 대중동 확장사업에 사용될 것으로 알려졌다.

* 신디케이트론 The syndicated medium-term loan

둘 이상의 은행이 공동으로 자금을 대출하는 일

by Ki Chul Hwang 

Conpaper  Editor Distributor 

황기철  콘페이퍼 에디터

UAE's Mashreq inks $100m loan for Korea contractor

by Neha Bhatia on Dec 14, 2015 

The UAE's Mashreqbank has signed off on a $100m (AED367.2m) loan for Korean contractor, SK Engineering and Construction. 

The syndicated medium-term loan will finance SK Engineering's general corporate requirements. 

A consortium comprising Mashreq, Al Ahli Bank of Kuwait (ABK), and Commercial Bank of Kuwait (CBK) were involved in financing the facility. 

Funding generated through the facility are likely to be used for SK Engineering's expansion plans in the Middle East.

Mashreq is the exclusive arranger and book-runner for the transaction, while the other two institutions acted as joint lead arrangers. 

Ho Eun Hong, vice president at SK Engineering, said: "We have executed various mega-sized projects in the region. 

"Both ABK and CBK have offered us reliable financial services including support for the Kuwait Oil Company's and Kuwait National Petroleum Company's projects.

"We are very confident that this deal will work as a milestone in strengthening our relationships with the banks."

SK Engineering's previous work in the Middle East includes the UAE's Ruwais Refinery Expansion and Bab Gas Compression projects, as well as Doha Metro's Red Line North Underground project in Qatar. 

The contractor is a part of SK Group, South Korea's third largest conglomerate. 

John Iossifidis, head of corporate and investment banking group, Mashreq said: "Over the last seven years, we have supported SK Engineering on 12 key infrastructure and oil and gas projects in the region.

"We are proud to support the company as the sole book runner for its syndicated loan facility here, which will provide it the necessary [backing] in relation to its upcoming financing requirements in the Middle East."

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