Watson, Farley & Williams (“WFW”) has appointed Korea Investment Securities (“KIS”) as the mandated lead arranger and bookrunner for a US$400 million syndicated transaction provided by a major Asian banking group to KB.・Advised on the dual tranche term loan system. national card. This is the first time that KB Kookmin Card has raised funds through a syndicated loan agreement with an international lender.
Founded in 1974, KIS is a financial services provider providing securities trading, brokerage, underwriting, online trading, commercial paper and wealth management services to clients in Korea, Asia and the United States.
KB Kookmin Card is a subsidiary of KB Financial Group and was established in 1980. As a pioneering credit card company, we are building one of Asia’s leading payment ecosystems.
The cross-border, multidisciplinary WFW team that advised KIS was led by partner Jon Kil in Seoul and worked closely with project finance partner Matt Lorimer in Hanoi. They were assisted by Billy Fraser, a senior associate in Singapore, and Jim Chan, an associate in Hong Kong.
John commented: “This is an important and high-value transaction that we were very pleased to advise on. This transaction highlights WFW’s deep knowledge and extensive experience in advising on complex financing matters.”
Matt added: “We are pleased to advise KIS and a syndicate of strong financial institutions across Asia on this important transaction.”
