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 |
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.