Daewoo Shipbuilding pass all sachaegwonja rally in favor

Both were passed [South Korea Jeongseon financial newspaper reporters] 17 to 18 held in five times DSME sachaegwonja rally governments and creditors proposed debt restructuring proposal.

Daewoo Shipbuilding & Marine Engineering said it received 18 days inside the corporate bond debt restructuring of 410 billion won approval from 4-5 sachaegwonja car rally in multihull Seoul office.

18 days from 10am to 4 years In 2019 maturity bonds rally 52,487,620,000 won 60 billion won (87.4%) is attending approved 99.93%.

Wednesday 14:00 chanseongryul were 99.61% of the 5 th meeting In March 2018 maturity bonds subject 273,490,970,000 won 350 billion won (78.14%) attended.

In day 1-3 primary targets 940 billion won bonds rally was approved debt restructuring proposal with high chanseongryul.

Total 1,000,000,000,090 percent of the 350 billion won bonds including Korea Post a pension, Teachers Pension, Federation of credit unions, Fisheries, Small Business, Korea Securities Finance, including institutional investors, and the remaining 10% of the approximately 130 billion won has been identified as having an individual investor is.

Daewoo pension that holds 30% of the bonds Shipbuilding & Marine Engineering is interpreted as that point in the decision to approve debt restructuring in the 17 days just before dawn opened the meeting sachaegwonja fruition.

Debt restructuring proposal is that information and extend the maturity of 3 years and 50% debt-for-equity swap to convert 50% of DSME sachaegwonja bonds to equities.

As the rally finished sachaegwonja Daewoo Shipbuilding will expire in April 2018. In 2000 it enters billion commercial paper (CP) holds creditor consent.

Development Bank and the Export-Import Bank will support a work-out in Article 2 and Daewoo Shipbuilding & Marine out of the crisis plan P combines the court next month, 900 billion won-scale new funds.

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