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Citibank Korea to arrange syndicated loan for Posco's lithium salt lake project
Citibank Korea to arrange syndicated loan for Posco's lithium salt lake project
MoneyFeb 3, 2023
Citibank Korea announced Friday that it signed a syndicated loan agreement with Posco Argentina to support the development of a salt lake with lithium reserves for Posco Holdings. As a joint mandated lead arranger, Citibank arranged a $412 million (505.4 billion won) syndicated loan for Posco Argentina with support from Korea Trade Insurance Corp. The agreement was reached on Jan. 25. “This deal is meaningful as it provides financing support for enhancing Korean companies’ competitiv