South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
HMM revealed its plans, in what appears to be in the Korean language only, late Oct. 23, after the market close of the Korean Stock Exchange.
Douglas Kim is an equities analyst who publishes via the SmartKarma platform. Kim noted that the convertible bond will mainly be issued to the Korea Development Bank and Korea Maritime Promotion Corp.
Use of funds
KrW 490 billion (US$417.6 million) will be used for “facility funds” and a further KrW 170 billion (US$144.9 million) will be used for working capital.
The facility funds will be used for ship and equipment investment, eco-friendly facilities, operational expenditure and to improve the company’s financial structure. If any facility funds are not invested, they will be used in the operation.
To continue reading this article...
Already have an account? Sign In
Create a Free Account
No payment required
Assignment Help
Assignment Help offers profound source of knowledge via professional assignment writers. Take the fast and reliable online academic writing services to face no delay in your project submission.
coaching center
Find any coaching | coaching center | coaching institute or any coaching classes
near you at MeriPadhai. Free Pre-Counselling from us | Free Demo
HP Number
Hp support is the one-stop for any user who is using HP devices and came across any errors. The technicians a user gets while calling HP number are excellent in resolving the user errors in the best way possible and in a minimal amount of time. If you having trouble with your HP device feel free to visit HP number for any type of technical assistance.
How to uninstall Adobe Creative Cloud
Adobe Creative Cloud is a set of applications and services of Adobe Systems that gives its subscribers access to a collection of software used for graphics, web and app development. In case you don’t have any use of these services you can easily uninstall it. or visit how to uninstall Adobe Creative Cloud to more details about the uninstallation process.
Etihad Customer Service
Provided Information is indeed helpful in all the aspects
Canon printer not printing
Canon printer not printing is really a common technical issue that can prevent your printing machine to work properly. Many reasons can lead this error, so firstly of users should take care of it immediately. If you’re experiencing canon printer not printing on a regular basis, you should look for quality technical assistance immediately. It is very important to seek the assistance of experienced printer technicians. Our printer experts are technically capable of resolving this issue within a few seconds. Our live phone support is open 24/7 to obtain technician’s help anytime.
American Airlines Cancellatio
This website is really useful i must say, i was looking for the information everywhere. Oh, I forgot to tell you that i am working at American Airlines Cancellation. Here, if you need assistance for anything you will get through our quick customer assistance. Get our services for anything you require for your journeys.
Air China Airlines Cancellation
I was searching the same information everywhere and now i got it here. This website has website that i require. Oh, i forgot to mention that i am a travel agent working at Air China Airlines Cancellation. I provide assistance to the customers who require quick customer support for our services.