[Korea Selected financial newspaper reporters] are working in earnest to persuade committed inside the Daewoo Shipbuilding & Marine Engineering support, including debt-for-equity swap of banks.
In the 27th finance industry, treating the main creditor banks and major shareholder KDB Development Bank of Shipbuilding day, KB Kookmin, KEB one such meeting debt-for-equity swap with creditor banks, advance refund Guarantee (RG) will be supported to initiate a no relevant creditors meeting to be.
According to Daewoo Shipbuilding normalization plan "announced on the 23rd commercial bank's equity swap of 80% of the 560 billion won to 700 billion won unsecured debt Daewoo Shipbuilding Co. and the rest were required inside the recipient split five years probation after five years. On condition that the banks also have to share with the Korea Development Bank, the Export-Import Bank, Trade Insurance Corp. about the new RG demand.
Industrial banks are seeking a Letter of Commitment for such information from the creditor banks. Since before the new funding of 4.2 trillion won for the October Daewoo Shipbuilding decided in 2015 at the time of commercial banks but as a means to sustain June 2015 monthly level of credit limit is binding fragile verbally agreed credit limit reduction, RG issued stop such exposures iteoseoda came to see fewer (exposure amount). Financial authorities have reportedly received a verbal agreement to participate in debt-for-equity swap from the market before the announcement Daewoo Shipbuilding and support measures banks.
But it is not easy to observe that stifled the right bank Letter of Commitment from the day the bond. Banks are difficult to liquidate a debt-for-equity swap to be stopped Daewoo Shipbuilding Trading Co., it is a situation in which the Bank for International Settlements (BIS) capital adequacy ratio to fall from 0.01 to 0.24 percent. Debt adjustment pushing commercial banks in accordance with the normalization approach is also needed to earn additional 640 billion won-scale allowance.
Just coming out of the atmosphere relief adjustments to the structure of the debt-for-equity swap level without support from new funding. Yun Jonggyu KB Financial Group Chairman, shall participate in the industrial part of the country if the equity swap required to "meet with the shareholders 'meeting immediately after the reporter said the past 24 days said that' provisions will gain as necessary.
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