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

Tuesday, November 21, 2000
South Korea's shipping container operator Hanjin Shipping 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.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

New sanctions threats as Ukraine stalemate goes on

A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0706 sec (14 req/sec)