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Hanjin Heavy plans $100m bond

Friday, 13 January 2012 | 16:30
Hanjin Heavy Industries & Construction plans to issue KRW120bn ($103.3m) worth of corporate bond at marginally higher interest rates compared to a previous offering.
Rates are set at 6.1% a year, higher than 5.95% from the company's KRW150bn corporate bonds issued in November last year.
The South Korean shipbuilder is expected to issue the three-year corporate bond on 19 January.
Meritz Securities, Korea Investment & Securities, Woori Investment & Securities and Korea Development Bank will buy KRW20bn each, while Daewoo Securities, Shinhan Investment Corp and Hyundai Securities will purchase KRW10bn.
Source: Seatrade-Asia
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