Citibank Korea to offer syndicated loan to HanaMicron via partnership with K-SURE

• Published date: 26 February 2023
• Publication title: The Korea Times

Citibank Korea signed a syndicated loan agreement with HanaMicron on Feb. 23 to support overseas investments for semiconductor back-end processes, the bank announced Friday.

As the sole coordinator, Citibank Korea will collaborate with the Korea Trade Insurance Corporation (K-SURE) to provide a $200 million syndicated loan to HanaMicron.

The loan will be utilized for the new facility investment of the Vietnamese subsidiary of HanaMicron, which primarily focuses on the massive semiconductor business on back-end processes that includes packaging and testing semiconductor chips. The financing will enable the company to provide stable back-end process support to Korea's semiconductor manufacturers.

The back-end process, which refers to packaging a semiconductor, the final product, and running performance and reliability tests, is deemed to be a new key technology in the semiconductor industry. With the...