History may not remember a $176 million loan for Recaudo
Bogotá as being the head-turning deal of 2013 in Latin
America. But the funding, to develop and operate a fare
collection system for the Colombian capitals public
transport system, is notable for one particular aspect: the
participation of lenders Shinhan Investment Corporation and
Woori Investment & Securities as mandated lead arrangers.
KOREA/LATAM: Ties that bind
Korean investment in Latin America is growing as banks, manufacturers and engineers invest more and trade links deepen. By Ben Miller
The deal is the most recent of a handful of transactions for
Latin American borrowers that involve private sector Korean
lenders as opposed to the government banks that have
become well-known supporters of many projects in the region. In
mid-October, for example,
Mexicos Pemex signed a memorandum of understanding
with Korea Eximbank (Kexim) that should set up a $2 billion
Korean lenders both government banks and private
sector ones signed four loans with Latin American
borrowers this year, including the...
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