Daewoo Shipbuilding sachaegwonja passed the first day of rally

[Korea Selected financial newspaper reporters] were passed all three on the 17th held DSME sachaegwonja the government and creditors proposed a debt restructuring proposal at a meeting in turn.

Daewoo Shipbuilding & Marine Engineering said received inside the corporate bond debt restructuring of 940 billion won approval in both the 1-3 sachaegwonja car rally in the day multihull Seoul office.

All three times the opposition rally had been approved debt restructuring proposal with high chanseongryul.

300 billion won this year due to the scale July 10 a.m. Corporate Bond Target rally was held first. Among 240,358,000,000 won attending the rally 99.9% were in favor of debt restructuring.

Followed at 2:00 pm November-scale targets 200 billion won due to attend a rally In the second 90% of the total price (180.024 billion won), 99% were in favor. At 5:00 the afternoon of April due 440 billion won bonds rally was passed Target debt restructuring proposal.

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.

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.

Major institutional investors are to be observed in the other two times sachaegwonja meeting held on the 18th day comes as showing a high chanseongryul E. accepting debt restructuring proposal must not pass through solid debt restructuring.

Once the debt restructuring proposal approved by both the DSME debt-for-equity swap changes sachaegwonja 50% of the bonds held by the stock, and gives the maturity of the remaining 50% extended to three years.

Daewoo May Industrial Bank and the Export-Import Bank of Korea comes when following the scanning side, banks sachaegwonja debt restructuring is finalized plans to support the 2.9 trillion won sized new funds to Daewoo Shipbuilding & Marine Engineering.

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