Koramco Life Infra REIT Borrows 90 Billion Won in Secured Loan to Refinance Short-Term Bonds

Koramco Life Infra REIT has executed a secured loan of 90 billion won to refinance existing short-term bonds worth 105 billion won.
The loan is secured by a pledge of shares held, with a fixed annual interest rate of 5.92% and a one-year maturity.
Lenders include major financial institutions such as NH Investment & Securities, IBK Capital, and Woori Investment & Securities.
The borrowing represents 18.73% of equity capital of 480.5 billion won, aimed at managing financial burden without issuing new shares.
[AI Summary]This secured loan refinances short-term bonds with no dilution, but increases debt负担. Fixed interest rate limits rate risk. Funding from high-credit financial institutions ensures stability.