Independent journal on economy and transport policy
01:41 GMT+2
HMM may issue ABS to refinance debts
(The Korea Herald)
December 20, 2001
Creditor banks of Hyundai Merchant Marine will likely discuss a plan to partially refinance the company's debt via 500 billion won in an asset-backed securities issue, according to a source at creditor banks.
Leading creditor Korea Development Bank also plans to roll over 100 billion won of bridge loans it extended to Hyundai Merchant Marine.
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