State pension fund to decide on debt rescheduling for Daewoo Shipbuilding this week
Apr 10, 2017
The National Pension Service, the largest holder of bonds sold by troubled Daewoo Shipbuilding & Marine Engineering Co., will decide this week on whether to accept a debt rescheduling for the shipyard, industry sources said Monday.The NPS holds about 30 percent, or 389 billion won ($342 million), out of 1.35 trillion won worth of corporate bonds issued by Daewoo Shipbuilding.(Yonhap)In particular, the NPS holds about 45 percent of 440 billion won worth of the bonds maturing on April 21. Unless t