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Prospect News home > News index > List of issuers H > Headlines for Hanjin Shipping Co. Ltd. > News item
Published on 11/2/2011 in the Prospect News Convertibles Daily.

Hanjin Shipping to cut conversion price of 4% convertibles due 2016

By Marisa Wong

Madison, Wis., Nov. 2 - Hanjin Shipping Co., Ltd. said it will adjust the conversion price of its $150 million 4% convertible bonds due 2016 to KRW 24,321 from KRW 29,640, effective Nov. 12.

The price adjustment is due to a rights offering that will settle on Nov. 11.

Hanjin is a marine transportation services company based in Seoul, South Korea.


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