K-Sure backs $711m ANZ facility for Hyundai-LG Energy JV

In:

Transport

Region:

Asia-Pacific

ANZ has set up a $711 million ECA-backed lending facility for a JV between Hyundai Motor and LG Energy Solution that makes batteries for electric vehicles in Indonesia. The ten-year term loan facility is backed by Korea Trade Insurance Corporation (K-Sure).South Korea's LG Energy and Hyundai...

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