Samsung Card secures $300 mln credit line

Newswire

SEOUL, June 21 (Reuters) - Samsung Card Co., South Korea's second-largest credit card firm, said on Tuesday it had agreed with the Royal Bank of Scotland Group Plc (RBS) to set up a $300 million credit line for the next two years. Under the agreement, the unlisted credit card company plans to initially borrow $200 million in two-year loans from Britain's second-biggest bank at 50 basis points over the London Interbank Offered Rate (LIBOR), Samsung said in a statement. Samsung Card, in ...

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