KDB Planning to Sell HMM to POSCO

The largest shareholder of HMM, Korea Development Bank (KDB) is planning to sell off HMM (formerly known as Hyundai Merchant Marine) to POSCO, to privatize HMM by handing over all of its shares to the steelmaker, says an article published in Business Korea.

KDB’s Report

“KDB recently reported an HMM privatization plan to the Ministry of Strategy and Finance,” a high-ranking government official said on Jan 27. “The ministry will start a full-fledged review with other ministries and agencies.” KDB...

https://mfame.guru/kdb-planning-to-sell-hmm-to-posco/

HHI Clinches $388 Million Green Syndicate Loan

  • HHI has bagged a green syndicated loan worth $388 million from KDB.
  • HHI signed an agreement in Seoul with South Korea state bank KDB.
  • Green loans are used for financing projects that support the shift to a low-carbon future.
  • Hyundai Heavy will use the funding to develop technologies for LNG carriers.

According to an article published in Offshore Energy and authored by Naida Hakirevic, Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the...

https://mfame.guru/hhi-clinches-388-million-green-syndicate-loan/

HMM launches US$592m bond issue for new containers, working capital

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/

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