Marine Link
Wednesday, September 28, 2016

Hanjin Signs $150M Commercial Paper In U.S.

November 21, 2000

South Korea's shipping container operator Hanjin Shipping (117930.KS) reportedly signed a deal with ABN AMRO Bank to issue $150 million in asset-backed commercial paper in the United States. ABN AMRO lead managed the issues backed by outstanding freight fares overseas owed to Hanjin at a 1.05 percent rate above LIBOR (London Inter-Bank Offered Rate). The bonds will carry a three-year maturity and the funds, to be deposited in early December, would be used to pay off debt, the company said in a statement.


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