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Main Business
Maritime Finance Global LeaderInfrastructure Finance
- Port Terminal & Logistics Infrastructure Investment
- Port Cargo Handling Infrastructure Investment
- Containerbox Investment
Port Terminal & Logistics
Infrastructure Investment
The port terminal and logistics facility investment program is operated with the objective of supporting funding for the acquisition of domestic and overseas port terminals and related facilities/assets.
Key Features & Benefits
- For existing facilities and new developments, KOBC may participates as a financial investor (FI) to support stable business operation and help secure operator’s operation rights.
- Tailored financing structure to enhance business flexibility(Equity, Debt, PF, Funds
Details
| Classification | Details |
|---|---|
| Investment Target | Domestic and overseas port terminals and logistics facilities (e.g., CY, CFS, logistics centers) |
| Structure | - Investment through equity or debt (including participation in funds depending on project structure) - Financial Guarantee |
| LTV | (Equity Investment) Limited to the Applicant’s(Major Shareholder) ownership ratio (Debt Investment) Depends of collateral value, credit rating and financial feasibility |
| Period | Depends on the financial structure and conditions |
| Currency | KRW, USD or other applicable currencies화 |
| Rate | Depends on financial cost, credit rating, country risk and financial condition |
| Payment Method | Depends on project, financial structure, financial feasibility |
Financial Structure(Example)
National port logistics company→terminal operator:common stock
terminal operator↔Shipping company:terminal use contract
Korea Ocean Business Corporation→collective investment scheme (FUND):Fund investment
collective investment scheme (FUND)→terminal operator:preferred stock
terminal operator↔port corporation:land lease contract
Port Cargo Handling Equipment Investment
The port cargo handling equipment investment program is operated with the objective of providing funding required for the cargo handling equipments.
Key Features & Benefits
- Provides funding at competitive rate for equipment investments related to the operation of ports & terminal
Details
| Classification | Details |
|---|---|
| Investment Target | Cargo Handling Equipment (G/C, T/C, Y/T and etc) |
| Structure | - BBCHP and financial Leese - Financial Guarantee |
| LTV | Depends on the equipment, credit rating and project feasibility |
| Period | Depends on the financial structure and conditions |
| Currency | KRW, USD or other applicable currencies |
| Rate | Depends on credit, period, LTV |
| Payment Method | Depends on financial structure, LTV, period |
Financial Structure(Example)
Container box
investment
The container box investment program is designed to enhance competitiveness of shipping companies by providing necessary funds once
the container box, an essential business asset of a container shipping company,
is secured.
Feature and Benefit
- Rapid customized support according to securing of container boxes by shipping companies
- Reduce short-term cost burden when small and medium-sized shipping companies secure container boxes through financial support based on competitive policy interest
rates
Main support and condition
| Classification | Details |
|---|---|
| Supporting structure | Investment of the KOBC through a fund structure created for purpose of financing new container boxes (acquisition of beneficiary certificates of funding under the Capital Market Act) |
| Supporting amount | Support within the budget of the KOBC's container box support project |
| Investment proportion | Apply by shipping company considering credit rating and business feasibility |
| Investment period | Negotiation in consideration of financial conditions |
| Transaction currency | KRW or USD |
| Applicable interest rate | Determine in consideration of investment ratio and investment period *Applicable interest (rate) = Basic applicable interest rate (according to internal system) ± discount/ premium (considering project feasibility and policy factors) |
| Repayment method | Determine in consideration of support structure, investment ratio, and investment period |
Financial structure diagram
Korea Ocean Business Corporation→beneficiary certificates(Fund (collective investment scheme) :Purchase of beneficiary certificates, beneficiary certificates(Fund (collective investment scheme) →Korea Ocean Business Corporation:dividends
financial institutes→beneficiary certificates(Fund (collective investment scheme) :beneficiary certificates매입, beneficiary certificates(Fund (collective investment scheme) →financial institutes:dividends
beneficiary certificates(Fund (collective investment scheme) ↔asset management company (collective investment business entity):fund management
beneficiary certificates(Fund (collective investment scheme) ↔SPC1, SPC2:Private bond acquisition contract
Container box manufacturer↔SPC1, SPC2:Container box purchase contract
SPC1, SPC2↔Container box consignment manager:Container box consignment management contract
SPC1, SPC2→Container box manufacturer:Classification list SPC1, SPC2↔Shipping company 1, Shipping company 2:Finance lease contract