Korea Business News Agency - NSP NEWS.

(Seoul=NSP NEWS) = Daewoo Engineering & Construction (Daewoo E&C) has successfully raised €200 million (approx. KRW 325.9 billion) in foreign currency financing under a guarantee provided by Italian insurance-financial group, SACE, which operates under the country’s Ministry of Economy and Finance.

SACE, Italy’s official export credit agency, offers a wide range of financial products to support Italian companies in expanding their exports. In this agreement, SACE extended its guarantee through the “Push Strategy,” one of its financial programs, backing the financing raised by Daewoo E&C, a potential buyer of Italian companies.

Global financial group Natixis CIB participated in the transaction as lead arranger, lender, structuring agent, and SACE agent. The maturity of the agreement is three years from the first withdrawal date.

By Eun-young Huh(eunyoung114@nspna.com) and Eun-tae Kang(keepwatch@nspna.com)

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