Lotte Chairman Shin Dong-bin's Loan Rate Rises to 4.56% on June 28 Extension

According to Yonhapinfomax, Lotte Group Chairman Shin Dong-bin extended a 90 billion won stock-backed loan on June 28, with the interest rate increasing from 3.86% to 4.56% following market rate rises. The loan, backed by 11.762 million Lotte Group shares and 2.554 million Lotte Shopping shares, maintains a collateral maintenance ratio of 110%.
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