Summary of Proposed Investment
Project Number
9164
Company Name
Korea French Banking Corporation
Date SPI Disclosed
May 10, 1999
Country
Korea, Republic of
Industry
Financial Markets
Status
Completed
Sector
Merchant Bank
Department
Regional Industry - FIG Asia & Pac
Environmental Category
C - No Impact
Previous Events
Approved : Jun 10, 1999
Signed : Feb 14, 2000
Invested : Mar 6, 2000
Project Description
Summary Of Project Information (SPI)
| Project Name: | Korea, Republic of: Korean French Banking Corporation |
Region:East Asia and Pacific
Sector:
Project No:009164
Projected Board Date:June 10th, 1999
Company Name:Korean French Banking Corporation
Technical Partner and/or Major Shareholders
Major Shareholders: Hanjin Group & Societe Generale
Project Cost Including proposed IFC investment
Project size up to US$100 million.
IFC Investment: Up to US$25 million.
Location of project and Description of site
Seoul, Korea
Description of Company and Purpose of Project
Korea: French Merchant Banking Corporation is a medium-sized private sector merchant bank based in Seoul, Korea. The proposed project consists of the securitization of a portfolio of lease and loan receivables held in the books of Korea French Merchant Banking Corporation in order to provide the company with an alternative source of medium term funding which it can not access otherwise through direct borrowings on its balance sheet. Korea French Banking Corporation will use the proceeds to better match its asset-liability structure and improve further its capital structure.
Environmental Category and Issues
Category C. No further environmental review required.
The is from the InfoShop.
| Date SPI sent to InfoShop | May 10th 1999 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
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