National Agricultural Cooperative Federation, a South Korean lender commonly known as NongHyup, signed an 8 billion yen ($101 million) one-year loan with four banks, said Simon Kim, a senior manager in the international financing division.
The loan pays a rate that includes margin and fees of as much as 120 basis points over benchmark rates, according to Kim. NongHyup signed the loan with Australia & New Zealand Banking Group Ltd. (ANZ), Commerzbank AG, Standard Chartered Plc and Sumitomo Mitsui Trust Holdings Inc. (8309), he said.
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