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Tuesday, May 24, 2022

Vinashin Asks Bondholders to Write Off Debt

Maritime Activity Reports, Inc.

June 2, 2011

A report from Bloomberg sited a bondholder who met with Vietnam Shipbuilding Industry Group, saying the state-owned company, with more than $4b in debt, asked holders of a local-currency bond it defaulted on in April to write off as much as 90% of the money owed.

Source: Bloomberg

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