E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers H > Headlines for Hanjin Shipping Co. Ltd. > News item
Published on 6/13/2014 in the Prospect News Convertibles Daily.

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

By Marisa Wong

Madison, Wis., June 13 – Hanjin Shipping Co., Ltd. said it will lower the conversion price of its $150 million 4% convertible bonds due 2016 to KRW 23,110 from KRW 23,993, effective June 16.

The price adjustment is due to a private placement of stock that will settle on June 16.

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


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.