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Export-Import Bank of Korea (Korea Eximbank) has signed a loan agreement with ICICI Bank for a US$200mn revolving line of credit.
The credit line is structured as an untied two-step loan, and is the first of its kind to be extended by Korea Exim. It enables ICICI Bank to finance foreign currency requirements of Indian corporates that have equity participation or some form of business relationship with Korean companies.


Aiming to support Korean companies’ investment in India and aid the development of the Indian economy, this loan will specifically benefit the automobile, power, transportation, plastics and consumer electronics sector.