[THE INVESTOR] Hanjin Shipping on June 17 received a three-month extension on corporate bonds with a combined value of 190 billion won (US$ 161.9 million).
The bondholders’ decision gives Hanjin Shipping until Sept. 27.
Hanjin Shipping had been at risk of defaulting had the bondholders rejected its request and kept the original June 27 maturity date.
By Choi He-suk (
cheesuk@heraldcorp.com)
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