Exclusive-South Korea lining up banks to help finance $22 billion arms sale to Poland

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Exclusive-South Korea lining up banks to help finance $22 billion arms sale to Poland

© Reuters. FILE PHOTO: A K9 howitzer, delivered in the first batch of arms from South Korea under contracts signed in recent months, fires during a military drill at a military range in Wierzbiny near Orzysz, Poland, March 30, 2023. REUTERS/Kacper Pempel/File Photo

"Five local banks are reviewing a syndicated loan as a support measure" to help Poland finance its purchase of South Korean rocket artillery systems and fighter jets, a South Korean government official said, speaking on condition of anonymity to discuss ongoing planning. It is the first indication that Seoul is working to remove Poland's financing hurdles to enable the two countries to strike South Korea's biggest-ever weapons arms deal, estimated at around 30 trillion won .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines