Bloomberg News

Kia Motors Said to Seek Loan From Banks Including DBS, StanChart

February 07, 2012

Feb. 7 (Bloomberg) -- Kia Motors Corp. is in talks with Bank of Tokyo-Mitsubishi UFJ Ltd., DBS Bank Ltd., Standard Chartered Plc and Sumitomo Mitsui Banking Corp. for a two-year loan denominated in U.S. dollars and euros, said three people familiar with the matter.

The facility is expected to be a club loan, said the people, who declined to be identified because the details are private. The final lender group may include about nine banks, the people said.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Andrew Monahan at amonahan@bloomberg.net


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