The Singapore and Seoul-listed South Korean shipowner has set an issuance date on 25 April. The company said the proceeds raised will be used for general corporate purposes.
The public unsecured straight bonds to be issued in Korea will have a fixed interest rate of 6.3%, and the proposed bonds are non-convertible to shares and will not be listed on the Singapore Exchange.
The latest move follows a KRW250bn bonds issue in February this year.
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