South Korean mainline operator HMM is issuing KRW720 billion (US$592.3 million) in convertible bonds, raising funds for capital investments in new containers as well working capital for the company.
The bonds will be issued to its largest shareholders, Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC). The funds will finance capital investments, including ordering new containers at KRW400 billion (US$329 million). Another KRW320 billion (US$263.1 million) will be used as...
https://container-news.com/hmm-launches-us592m-bond-issue-for-new-containers-working-capital/