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20 September 2020 The on-line newspaper devoted to the world of transports 12:27 GMT+2

December 20, 2001

HMM may issue ABS to refinance debts

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.

However, the ......
Read more on The Korea Herald

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