[Korea financial newspaper Choice reporters] imjongryong Financial Committee (photo) is the 16th of the "Development Bank, the Export-Import Bank, presented a possible way within the Daewoo Shipbuilding extent possible, saying," corporate bonds, commercial paper (CP) Investors Taps urge rational decisions, he said.
Afternoon treat imjongryong Chair in shipbuilding emergency briefing from the government in Seoul Government has "Daewoo Shipbuilding unions, commercial banks agreed was completed, saying," The success of voluntary restructuring, so in fact 17 to 18 decisions in sachaegwonja meetings, including the Korea Development Bank the best convince said of sachaegwonja.
Development Bank and the Export-Import Bank has delivered a shop 'for the implementation of CP and corporate bond repayments Letter of Commitment' 16 am, institutional investors and so on.
Specifically, the following deposit principal and interest in full to repay the repayment date the account (Escrow Account) separately Ask, and Daewoo Shipbuilding Company had liquidation value (6.6%) of corporate bonds and CP in a separate account for each repayment date month end of the remaining debt and a deposit of about 100 billion won in corporate bonds, including information provided as collateral for CP investors. Even if such liquidation in the future, some investors fear generated to ensure the liquidation value of the current over time.
Another possible until the final repayment date of the remaining bonds maintain the deadline of the new funding, and the remaining bonds to repay the unused minutes of new funds. If it comes from the annual survey in 2018 the company confirmed that the ability to repay, and that also promote early repayment details of the shortened grace period and repayment period, including amortization of principal adjustments remaining debt.
Imjongryong chair and what you can do to minimize "Some recent institutional investors, but expressed the view that agree to debt restructuring, still the majority of institutional investors reservations perspective and point of view ', saying' pension is also lost as a manager acid mercury considered that also induce voluntary restructuring to reduce uncertainty, he said.
If held for two days when sachaegwonja once even voted five times during meetings Daewoo Shipbuilding is inevitable rush workout plan and P (Pre-Packaged Plan · Pre-Regenerative Planning System) combines the court.
Daewoo Shipbuilding to quickly resolve the rally sachaegwonja rejected during market turmoil is planning to apply for the P plan as soon as possible. Imjongryong chairman said that "the government will announce a comprehensive plan to respond to the various ministries jointly plan the possible side effects, such as P shipbuilding contract is canceled, the problem of unemployment.
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