Songdo International Business District Subject of Largest Financing in Korean History.
PR Newswire Europe, November, 2007
INCHEON, South Korea, November 20 /PRNewswire/ --
- US$2.7 Billion Financing Agreement with Shinhan Bank Consortium Will Result in Accelerated Development of Songdo IBD
New Songdo International City Development, LLC today concluded a US$2.7 billion syndicated financing agreement with arranger Shinhan Bank and 12 other participating banks, thought to be the largest such real estate financing in Korean history. New Songdo International City Development (NSIC), a 70/30 joint venture between New York's Gale International and POSCO E&C, is developing the 1,500 acre Songdo International Business District in Incheon, South Korea. Songdo International Business District (IBD) is both a Korean national project and a unique international partnership,...
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