Korea’s Pan Ocean plans to issue KRW 50 million of three-year bonds

By Angela McDaniels

Tacoma, Wash., June 18 – Pan Ocean Co., Ltd. plans to price KRW 50 million of three-year unsecured public straight bonds in Korea, according to a company announcement.

The maximum size of the issue is KRW 100 billion.

The interest rate will be set after the bookbuilding process. The issue price will be par.

The issuance date is expected to be June 28.

Proceeds will be used for facility investment and general operating expenses.

Pan Ocean is a Seoul, South Korea-based marine shipping company.

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