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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

NSRP Awards $11m for R&D Project Portfolio

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0812 sec (12 req/sec)