Hanjin Shipping plans to raise up to $200m worth of convertible bond this month, the South Korean firm announced on Wednesday.
The liner has selected JP Morgan as the sole bookrunner for the deal, which is being marketed at interest of between 3.5% to 4%. The conversion premium range will be between 20% and 25% over the 6 July closing price of KRW24,700 ($23.2). Hanjin Shipping said last month it was planning to invest about $850m to acquire five 13,000 teus containerships.
The liner has selected JP Morgan as the sole bookrunner for the deal, which is being marketed at interest of between 3.5% to 4%. The conversion premium range will be between 20% and 25% over the 6 July closing price of KRW24,700 ($23.2). Hanjin Shipping said last month it was planning to invest about $850m to acquire five 13,000 teus containerships.